This property looks like a bad Mid-Term investment with a projected -3.75% first-year return on $87,300 initial cash invested.
-3.75%
Cash On Cash
6.02%
Cap Rate
0.92
DSCR
$3,006
Rent
-$273
Cashflow
Cash Flow
$3,006 income − $3,279 expenses = $273 out of pocket
Investment Breakdown
|
Purchase Price
$330k
Downpayment
20.0%
Interest Rate
7.3%
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
$3,006
Total Expenses
$3,279
Mortgage P&I
60%
$1,809
Property Taxes
11%
$332
Home Insurance
4%
$116
HOA
0%
$0
Property Management
12%
$361
CapEx
4%
$120
Vacancy
3%
$90
Maintenance
4%
$120
Other
11%
$331