This property looks like a bad Mid-Term investment with a projected -4.44% first-year return on $87,279 initial cash invested.
-4.44%
Cash On Cash
5.72%
Cap Rate
0.88
DSCR
$2,553
Rent
-$323
Cashflow
Cash Flow
$2,553 income − $2,876 expenses = $323 out of pocket
Investment Breakdown
|
Purchase Price
$330k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,279
Downpayment
20%
$65,980
Closing costs
1%
$3,299
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,553
Total Expenses
$2,876
Mortgage P&I
70%
$1,793
Property Taxes
2%
$57
Home Insurance
5%
$116
HOA
2%
$42
Property Management
12%
$306
CapEx
4%
$102
Vacancy
3%
$77
Maintenance
4%
$102
Other
11%
$281