This property looks like a bad Mid-Term investment with a projected -1.65% first-year return on $87,279 initial cash invested.
-1.65%
Cash On Cash
6.71%
Cap Rate
1.02
DSCR
$3,732
Rent
-$120
Cashflow
Cash Flow
$3,732 income − $3,852 expenses = $120 out of pocket
Investment Breakdown
|
Purchase Price
$330k
Downpayment
20.0%
Interest Rate
7.3%
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
$3,732
Total Expenses
$3,852
Mortgage P&I
49%
$1,817
Property Taxes
17%
$650
Home Insurance
3%
$116
HOA
0%
$0
Property Management
12%
$448
CapEx
4%
$149
Vacancy
3%
$112
Maintenance
4%
$149
Other
11%
$411