This property looks like a bad Mid-Term investment with a projected -1.63% first-year return on $87,825 initial cash invested.
-1.63%
Cash On Cash
6.08%
Cap Rate
0.99
DSCR
$2,736
Rent
-$119
Cashflow
Cash Flow
$2,736 income − $2,855 expenses = $119 out of pocket
Investment Breakdown
|
Purchase Price
$333k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,825
Downpayment
20%
$66,500
Closing costs
1%
$3,325
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,736
Total Expenses
$2,855
Mortgage P&I
62%
$1,695
Property Taxes
4%
$109
Home Insurance
4%
$122
HOA
0%
$0
Property Management
12%
$328
CapEx
4%
$109
Vacancy
3%
$82
Maintenance
4%
$109
Other
11%
$301