This property looks like a bad Mid-Term investment with a projected -2.35% first-year return on $87,279 initial cash invested.
-2.35%
Cash On Cash
5.98%
Cap Rate
0.96
DSCR
$2,742
Rent
-$171
Cashflow
Cash Flow
$2,742 income − $2,913 expenses = $171 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
$2,742
Total Expenses
$2,913
Mortgage P&I
62%
$1,706
Property Taxes
6%
$158
Home Insurance
4%
$116
HOA
0%
$0
Property Management
12%
$329
CapEx
4%
$110
Vacancy
3%
$82
Maintenance
4%
$110
Other
11%
$302