This property looks like a bad Mid-Term investment with a projected -2.17% first-year return on $88,350 initial cash invested.
-2.17%
Cash On Cash
6.46%
Cap Rate
0.98
DSCR
$3,279
Rent
-$160
Cashflow
Cash Flow
$3,279 income − $3,439 expenses = $160 out of pocket
Investment Breakdown
|
Purchase Price
$335k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,350
Downpayment
20%
$67,000
Closing costs
1%
$3,350
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,279
Total Expenses
$3,439
Mortgage P&I
56%
$1,832
Property Taxes
11%
$376
Home Insurance
4%
$117
HOA
0%
$0
Property Management
12%
$393
CapEx
4%
$131
Vacancy
3%
$98
Maintenance
4%
$131
Other
11%
$361