This property looks like a bad Mid-Term investment with a projected -5.66% first-year return on $87,195 initial cash invested.
-5.66%
Cash On Cash
4.96%
Cap Rate
0.81
DSCR
$2,292
Rent
-$411
Cashflow
Cash Flow
$2,292 income − $2,703 expenses = $411 out of pocket
Investment Breakdown
|
Purchase Price
$330k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,195
Downpayment
20%
$65,900
Closing costs
1%
$3,295
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,292
Total Expenses
$2,703
Mortgage P&I
73%
$1,680
Property Taxes
5%
$124
Home Insurance
5%
$119
HOA
0%
$0
Property Management
12%
$275
CapEx
4%
$92
Vacancy
3%
$69
Maintenance
4%
$92
Other
11%
$252