This property looks like a bad Mid-Term investment with a projected -4.18% first-year return on $87,342 initial cash invested.
-4.18%
Cash On Cash
5.95%
Cap Rate
0.89
DSCR
$2,670
Rent
-$304
Cashflow
Cash Flow
$2,670 income − $2,974 expenses = $304 out of pocket
Investment Breakdown
|
Purchase Price
$330k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,342
Downpayment
20%
$66,040
Closing costs
1%
$3,302
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,670
Total Expenses
$2,974
Mortgage P&I
69%
$1,833
Property Taxes
4%
$114
Home Insurance
4%
$119
HOA
0%
$0
Property Management
12%
$320
CapEx
4%
$107
Vacancy
3%
$80
Maintenance
4%
$107
Other
11%
$294