This property looks like a bad Mid-Term investment with a projected -4.19% first-year return on $87,930 initial cash invested.
-4.19%
Cash On Cash
5.86%
Cap Rate
0.9
DSCR
$2,997
Rent
-$307
Cashflow
Cash Flow
$2,997 income − $3,304 expenses = $307 out of pocket
Investment Breakdown
|
Purchase Price
$333k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,930
Downpayment
20%
$66,600
Closing costs
1%
$3,330
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,997
Total Expenses
$3,304
Mortgage P&I
60%
$1,812
Property Taxes
11%
$334
Home Insurance
5%
$138
HOA
0%
$0
Property Management
12%
$360
CapEx
4%
$120
Vacancy
3%
$90
Maintenance
4%
$120
Other
11%
$330