This property looks like a bad Mid-Term investment with a projected -8.67% first-year return on $87,384 initial cash invested.
-8.67%
Cash On Cash
4.82%
Cap Rate
0.72
DSCR
$2,932
Rent
-$631
Cashflow
Cash Flow
$2,932 income − $3,563 expenses = $631 out of pocket
Investment Breakdown
|
Purchase Price
$330k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,384
Downpayment
20%
$66,080
Closing costs
1%
$3,304
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,932
Total Expenses
$3,563
Mortgage P&I
63%
$1,840
Property Taxes
20%
$582
Home Insurance
5%
$144
HOA
0%
$0
Property Management
12%
$352
CapEx
4%
$117
Vacancy
3%
$88
Maintenance
4%
$117
Other
11%
$323