This property looks like a bad Mid-Term investment with a projected -10.67% first-year return on $87,279 initial cash invested.
-10.67%
Cash On Cash
4.22%
Cap Rate
0.63
DSCR
$2,386
Rent
-$776
Cashflow
Cash Flow
$2,386 income − $3,162 expenses = $776 out of pocket
Investment Breakdown
|
Purchase Price
$330k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,279
Downpayment
20%
$65,980
Closing costs
1%
$3,299
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,386
Total Expenses
$3,162
Mortgage P&I
77%
$1,841
Property Taxes
17%
$395
Home Insurance
5%
$116
HOA
0%
$0
Property Management
12%
$286
CapEx
4%
$95
Vacancy
3%
$72
Maintenance
4%
$95
Other
11%
$262