This property looks like a bad Mid-Term investment with a projected -6.64% first-year return on $87,993 initial cash invested.
-6.64%
Cash On Cash
5.2%
Cap Rate
0.79
DSCR
$2,560
Rent
-$487
Cashflow
Cash Flow
$2,560 income − $3,047 expenses = $487 out of pocket
Investment Breakdown
|
Purchase Price
$333k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,993
Downpayment
20%
$66,660
Closing costs
1%
$3,333
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,560
Total Expenses
$3,047
Mortgage P&I
71%
$1,829
Property Taxes
9%
$226
Home Insurance
5%
$122
HOA
0%
$0
Property Management
12%
$307
CapEx
4%
$102
Vacancy
3%
$77
Maintenance
4%
$102
Other
11%
$282