This property looks like a bad Mid-Term investment with a projected -8.47% first-year return on $87,279 initial cash invested.
-8.47%
Cash On Cash
4.77%
Cap Rate
0.72
DSCR
$2,505
Rent
-$616
Cashflow
Cash Flow
$2,505 income − $3,121 expenses = $616 out of pocket
Investment Breakdown
|
Purchase Price
$330k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,505
Total Expenses
$3,121
Mortgage P&I
73%
$1,826
Property Taxes
13%
$327
Home Insurance
5%
$116
HOA
0%
$0
Property Management
12%
$301
CapEx
4%
$100
Vacancy
3%
$75
Maintenance
4%
$100
Other
11%
$276