This property looks like a bad Mid-Term investment with a projected -6.39% first-year return on $87,300 initial cash invested.
-6.39%
Cash On Cash
5.35%
Cap Rate
0.8
DSCR
$2,560
Rent
-$465
Cashflow
Cash Flow
$2,560 income − $3,025 expenses = $465 out of pocket
Investment Breakdown
|
Purchase Price
$330k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,300
Downpayment
20%
$66,000
Closing costs
1%
$3,300
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,560
Total Expenses
$3,025
Mortgage P&I
72%
$1,835
Property Taxes
8%
$204
Home Insurance
5%
$116
HOA
0%
$0
Property Management
12%
$307
CapEx
4%
$102
Vacancy
3%
$77
Maintenance
4%
$102
Other
11%
$282