This property looks like a bad Mid-Term investment with a projected -8.1% first-year return on $87,237 initial cash invested.
-8.1%
Cash On Cash
4.9%
Cap Rate
0.74
DSCR
$2,746
Rent
-$589
Cashflow
Cash Flow
$2,746 income − $3,335 expenses = $589 out of pocket
Investment Breakdown
|
Purchase Price
$330k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,237
Downpayment
20%
$65,940
Closing costs
1%
$3,297
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,746
Total Expenses
$3,335
Mortgage P&I
66%
$1,825
Property Taxes
16%
$431
Home Insurance
4%
$100
HOA
2%
$45
Property Management
12%
$330
CapEx
4%
$110
Vacancy
3%
$82
Maintenance
4%
$110
Other
11%
$302