This property looks like a bad Mid-Term investment with a projected -5.69% first-year return on $87,279 initial cash invested.
-5.69%
Cash On Cash
5.06%
Cap Rate
0.82
DSCR
$2,648
Rent
-$414
Cashflow
Cash Flow
$2,648 income − $3,062 expenses = $414 out of pocket
Investment Breakdown
|
Purchase Price
$330k
Downpayment
20.0%
Interest Rate
6.7%
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
$2,648
Total Expenses
$3,062
Mortgage P&I
64%
$1,700
Property Taxes
13%
$346
Home Insurance
4%
$116
HOA
0%
$0
Property Management
12%
$318
CapEx
4%
$106
Vacancy
3%
$79
Maintenance
4%
$106
Other
11%
$291