This property looks like a bad Mid-Term investment with a projected -10.66% first-year return on $87,279 initial cash invested.
-10.66%
Cash On Cash
3.8%
Cap Rate
0.6
DSCR
$1,924
Rent
-$775
Cashflow
Cash Flow
$1,924 income − $2,699 expenses = $775 out of pocket
Investment Breakdown
|
Purchase Price
$330k
Downpayment
20.0%
Interest Rate
6.9%
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
$1,924
Total Expenses
$2,699
Mortgage P&I
91%
$1,743
Property Taxes
10%
$185
Home Insurance
6%
$116
HOA
0%
$0
Property Management
12%
$231
CapEx
4%
$77
Vacancy
3%
$58
Maintenance
4%
$77
Other
11%
$212