This property looks like a bad Mid-Term investment with a projected -7.29% first-year return on $87,279 initial cash invested.
-7.29%
Cash On Cash
4.94%
Cap Rate
0.75
DSCR
$2,132
Rent
-$530
Cashflow
Cash Flow
$2,132 income − $2,662 expenses = $530 out of pocket
Investment Breakdown
|
Purchase Price
$330k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,132
Total Expenses
$2,662
Mortgage P&I
85%
$1,803
Property Taxes
1%
$18
Home Insurance
5%
$116
HOA
0%
$0
Property Management
12%
$256
CapEx
4%
$85
Vacancy
3%
$64
Maintenance
4%
$85
Other
11%
$235