This property looks like a bad Mid-Term investment with a projected -6.31% first-year return on $87,237 initial cash invested.
-6.31%
Cash On Cash
5.3%
Cap Rate
0.81
DSCR
$2,748
Rent
-$459
Cashflow
Cash Flow
$2,748 income − $3,207 expenses = $459 out of pocket
Investment Breakdown
|
Purchase Price
$330k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,237
Downpayment
20%
$65,940
Closing costs
1%
$3,297
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,748
Total Expenses
$3,207
Mortgage P&I
66%
$1,806
Property Taxes
13%
$348
Home Insurance
4%
$119
HOA
0%
$0
Property Management
12%
$330
CapEx
4%
$110
Vacancy
3%
$82
Maintenance
4%
$110
Other
11%
$302