This property looks like a bad Mid-Term investment with a projected -5.24% first-year return on $87,279 initial cash invested.
-5.24%
Cash On Cash
5.1%
Cap Rate
0.84
DSCR
$2,625
Rent
-$381
Cashflow
Cash Flow
$2,625 income − $3,006 expenses = $381 out of pocket
Investment Breakdown
|
Purchase Price
$330k
Downpayment
20.0%
Interest Rate
6.6%
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
$2,625
Total Expenses
$3,006
Mortgage P&I
64%
$1,679
Property Taxes
12%
$318
Home Insurance
4%
$116
HOA
0%
$0
Property Management
12%
$315
CapEx
4%
$105
Vacancy
3%
$79
Maintenance
4%
$105
Other
11%
$289