This property looks like a bad Mid-Term investment with a projected -2.2% first-year return on $87,216 initial cash invested.
-2.2%
Cash On Cash
6.36%
Cap Rate
0.98
DSCR
$3,279
Rent
-$160
Cashflow
Cash Flow
$3,279 income − $3,439 expenses = $160 out of pocket
Investment Breakdown
|
Purchase Price
$330k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,216
Downpayment
20%
$65,920
Closing costs
1%
$3,296
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,279
Total Expenses
$3,439
Mortgage P&I
54%
$1,776
Property Taxes
5%
$176
Home Insurance
4%
$116
HOA
8%
$257
Property Management
12%
$393
CapEx
4%
$131
Vacancy
3%
$98
Maintenance
4%
$131
Other
11%
$361