This property looks like a bad Mid-Term investment with a projected -1.69% first-year return on $87,300 initial cash invested.
-1.69%
Cash On Cash
6.68%
Cap Rate
1.01
DSCR
$3,351
Rent
-$123
Cashflow
Cash Flow
$3,351 income − $3,474 expenses = $123 out of pocket
Investment Breakdown
|
Purchase Price
$330k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,300
Downpayment
20%
$66,000
Closing costs
1%
$3,300
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,351
Total Expenses
$3,474
Mortgage P&I
54%
$1,826
Property Taxes
12%
$392
Home Insurance
3%
$116
HOA
0%
$0
Property Management
12%
$402
CapEx
4%
$134
Vacancy
3%
$101
Maintenance
4%
$134
Other
11%
$369