This property looks like a bad Mid-Term investment with a projected -1.06% first-year return on $87,363 initial cash invested.
-1.06%
Cash On Cash
6.61%
Cap Rate
1.03
DSCR
$3,324
Rent
-$77
Cashflow
Cash Flow
$3,324 income − $3,401 expenses = $77 out of pocket
Investment Breakdown
|
Purchase Price
$330k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,363
Downpayment
20%
$66,060
Closing costs
1%
$3,303
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,324
Total Expenses
$3,401
Mortgage P&I
53%
$1,764
Property Taxes
12%
$393
Home Insurance
3%
$113
HOA
0%
$0
Property Management
12%
$399
CapEx
4%
$133
Vacancy
3%
$100
Maintenance
4%
$133
Other
11%
$366