This property looks like a bad Mid-Term investment with a projected -8.09% first-year return on $88,014 initial cash invested.
-8.09%
Cash On Cash
4.8%
Cap Rate
0.73
DSCR
$2,496
Rent
-$593
Cashflow
Cash Flow
$2,496 income − $3,089 expenses = $593 out of pocket
Investment Breakdown
|
Purchase Price
$333k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,014
Downpayment
20%
$66,680
Closing costs
1%
$3,334
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,496
Total Expenses
$3,089
Mortgage P&I
73%
$1,826
Property Taxes
11%
$275
Home Insurance
6%
$138
HOA
0%
$0
Property Management
12%
$300
CapEx
4%
$100
Vacancy
3%
$75
Maintenance
4%
$100
Other
11%
$275