This property looks like a bad Mid-Term investment with a projected -1.93% first-year return on $88,329 initial cash invested.
-1.93%
Cash On Cash
6.63%
Cap Rate
1
DSCR
$3,440
Rent
-$142
Cashflow
Cash Flow
$3,440 income − $3,582 expenses = $142 out of pocket
Investment Breakdown
|
Purchase Price
$335k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,329
Downpayment
20%
$66,980
Closing costs
1%
$3,349
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,440
Total Expenses
$3,582
Mortgage P&I
54%
$1,854
Property Taxes
13%
$441
Home Insurance
3%
$117
HOA
0%
$0
Property Management
12%
$413
CapEx
4%
$138
Vacancy
3%
$103
Maintenance
4%
$138
Other
11%
$378