This property looks like a bad Mid-Term investment with a projected -3.6% first-year return on $87,930 initial cash invested.
-3.6%
Cash On Cash
5.86%
Cap Rate
0.91
DSCR
$2,774
Rent
-$264
Cashflow
Cash Flow
$2,774 income − $3,038 expenses = $264 out of pocket
Investment Breakdown
|
Purchase Price
$333k
Downpayment
20.0%
Interest Rate
7.0%
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
$2,774
Total Expenses
$3,038
Mortgage P&I
64%
$1,780
Property Taxes
7%
$194
Home Insurance
4%
$121
HOA
0%
$0
Property Management
12%
$333
CapEx
4%
$111
Vacancy
3%
$83
Maintenance
4%
$111
Other
11%
$305