This property looks like a bad Mid-Term investment with a projected -0.63% first-year return on $87,300 initial cash invested.
-0.63%
Cash On Cash
6.83%
Cap Rate
1.04
DSCR
$2,986
Rent
-$46
Cashflow
Cash Flow
$2,986 income − $3,032 expenses = $46 out of pocket
Investment Breakdown
|
Purchase Price
$330k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,300
Downpayment
20%
$66,000
Closing costs
1%
$3,300
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,986
Total Expenses
$3,032
Mortgage P&I
60%
$1,806
Property Taxes
3%
$96
Home Insurance
4%
$116
HOA
0%
$0
Property Management
12%
$358
CapEx
4%
$119
Vacancy
3%
$90
Maintenance
4%
$119
Other
11%
$328