This property looks like a bad Mid-Term investment with a projected -2.09% first-year return on $87,216 initial cash invested.
-2.09%
Cash On Cash
6.4%
Cap Rate
0.99
DSCR
$3,171
Rent
-$152
Cashflow
Cash Flow
$3,171 income − $3,323 expenses = $152 out of pocket
Investment Breakdown
|
Purchase Price
$330k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,216
Downpayment
20%
$65,920
Closing costs
1%
$3,296
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,171
Total Expenses
$3,323
Mortgage P&I
56%
$1,784
Property Taxes
11%
$344
Home Insurance
4%
$116
HOA
0%
$0
Property Management
12%
$381
CapEx
4%
$127
Vacancy
3%
$95
Maintenance
4%
$127
Other
11%
$349