This property looks like a bad Mid-Term investment with a projected -2.38% first-year return on $87,279 initial cash invested.
-2.38%
Cash On Cash
6.41%
Cap Rate
0.97
DSCR
$2,974
Rent
-$173
Cashflow
Cash Flow
$2,974 income − $3,147 expenses = $173 out of pocket
Investment Breakdown
|
Purchase Price
$330k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,974
Total Expenses
$3,147
Mortgage P&I
61%
$1,816
Property Taxes
7%
$204
Home Insurance
4%
$116
HOA
0%
$0
Property Management
12%
$357
CapEx
4%
$119
Vacancy
3%
$89
Maintenance
4%
$119
Other
11%
$327