This property looks like a bad Mid-Term investment with a projected -6.21% first-year return on $87,279 initial cash invested.
-6.21%
Cash On Cash
4.93%
Cap Rate
0.8
DSCR
$3,039
Rent
-$452
Cashflow
Cash Flow
$3,039 income − $3,491 expenses = $452 out of pocket
Investment Breakdown
|
Purchase Price
$330k
Downpayment
20.0%
Interest Rate
6.6%
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
$3,039
Total Expenses
$3,491
Mortgage P&I
55%
$1,685
Property Taxes
22%
$656
Home Insurance
4%
$116
HOA
0%
$0
Property Management
12%
$365
CapEx
4%
$122
Vacancy
3%
$91
Maintenance
4%
$122
Other
11%
$334