This property looks like a bad Mid-Term investment with a projected -2.16% first-year return on $87,279 initial cash invested.
-2.16%
Cash On Cash
5.98%
Cap Rate
0.97
DSCR
$2,666
Rent
-$157
Cashflow
Cash Flow
$2,666 income − $2,823 expenses = $157 out of pocket
Investment Breakdown
|
Purchase Price
$330k
Downpayment
20.0%
Interest Rate
6.7%
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
$2,666
Total Expenses
$2,823
Mortgage P&I
64%
$1,695
Property Taxes
3%
$87
Home Insurance
4%
$116
HOA
1%
$18
Property Management
12%
$320
CapEx
4%
$107
Vacancy
3%
$80
Maintenance
4%
$107
Other
11%
$293