This property looks like a bad Mid-Term investment with a projected -7.02% first-year return on $87,298 initial cash invested.
-7.02%
Cash On Cash
4.66%
Cap Rate
0.76
DSCR
$2,536
Rent
-$511
Cashflow
Cash Flow
$2,536 income − $3,047 expenses = $511 out of pocket
Investment Breakdown
|
Purchase Price
$330k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,298
Downpayment
20%
$65,998
Closing costs
1%
$3,300
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,536
Total Expenses
$3,047
Mortgage P&I
67%
$1,692
Property Taxes
15%
$368
Home Insurance
5%
$116
HOA
0%
$10
Property Management
12%
$304
CapEx
4%
$101
Vacancy
3%
$76
Maintenance
4%
$101
Other
11%
$279