This property looks like a bad Mid-Term investment with a projected -6.79% first-year return on $87,993 initial cash invested.
-6.79%
Cash On Cash
5.22%
Cap Rate
0.79
DSCR
$2,976
Rent
-$498
Cashflow
Cash Flow
$2,976 income − $3,474 expenses = $498 out of pocket
Investment Breakdown
|
Purchase Price
$333k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,993
Downpayment
20%
$66,660
Closing costs
1%
$3,333
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,976
Total Expenses
$3,474
Mortgage P&I
61%
$1,830
Property Taxes
17%
$514
Home Insurance
4%
$119
HOA
0%
$0
Property Management
12%
$357
CapEx
4%
$119
Vacancy
3%
$89
Maintenance
4%
$119
Other
11%
$327