This property looks like a bad Mid-Term investment with a projected -4.82% first-year return on $87,300 initial cash invested.
-4.82%
Cash On Cash
5.67%
Cap Rate
0.86
DSCR
$2,493
Rent
-$351
Cashflow
Cash Flow
$2,493 income − $2,844 expenses = $351 out of pocket
Investment Breakdown
|
Purchase Price
$330k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,300
Downpayment
20%
$66,000
Closing costs
1%
$3,300
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,493
Total Expenses
$2,844
Mortgage P&I
73%
$1,811
Property Taxes
3%
$69
Home Insurance
5%
$116
HOA
0%
$0
Property Management
12%
$299
CapEx
4%
$100
Vacancy
3%
$75
Maintenance
4%
$100
Other
11%
$274