This property looks like a bad Mid-Term investment with a projected -2.82% first-year return on $87,279 initial cash invested.
-2.82%
Cash On Cash
5.94%
Cap Rate
0.95
DSCR
$2,888
Rent
-$205
Cashflow
Cash Flow
$2,888 income − $3,093 expenses = $205 out of pocket
Investment Breakdown
|
Purchase Price
$330k
Downpayment
20.0%
Interest Rate
6.8%
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
$2,888
Total Expenses
$3,093
Mortgage P&I
60%
$1,723
Property Taxes
9%
$270
Home Insurance
4%
$116
HOA
0%
$0
Property Management
12%
$347
CapEx
4%
$116
Vacancy
3%
$87
Maintenance
4%
$116
Other
11%
$318