This property looks like a bad Mid-Term investment with a projected -0.71% first-year return on $87,321 initial cash invested.
-0.71%
Cash On Cash
6.55%
Cap Rate
1.05
DSCR
$3,530
Rent
-$52
Cashflow
Cash Flow
$3,530 income − $3,582 expenses = $52 out of pocket
Investment Breakdown
|
Purchase Price
$330k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,321
Downpayment
20%
$66,020
Closing costs
1%
$3,301
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,530
Total Expenses
$3,582
Mortgage P&I
49%
$1,713
Property Taxes
16%
$547
Home Insurance
3%
$122
HOA
0%
$0
Property Management
12%
$424
CapEx
4%
$141
Vacancy
3%
$106
Maintenance
4%
$141
Other
11%
$388