This property looks like a bad Mid-Term investment with a projected -5.94% first-year return on $87,279 initial cash invested.
-5.94%
Cash On Cash
4.88%
Cap Rate
0.8
DSCR
$2,229
Rent
-$432
Cashflow
Cash Flow
$2,229 income − $2,661 expenses = $432 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
$2,229
Total Expenses
$2,661
Mortgage P&I
76%
$1,684
Property Taxes
5%
$104
Home Insurance
5%
$116
HOA
0%
$0
Property Management
12%
$267
CapEx
4%
$89
Vacancy
3%
$67
Maintenance
4%
$89
Other
11%
$245