This property looks like a bad Mid-Term investment with a projected -0.23% first-year return on $87,825 initial cash invested.
-0.23%
Cash On Cash
6.65%
Cap Rate
1.06
DSCR
$2,960
Rent
-$17
Cashflow
Cash Flow
$2,960 income − $2,977 expenses = $17 out of pocket
Investment Breakdown
|
Purchase Price
$333k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,825
Downpayment
20%
$66,500
Closing costs
1%
$3,325
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,960
Total Expenses
$2,977
Mortgage P&I
59%
$1,741
Property Taxes
4%
$110
Home Insurance
4%
$120
HOA
0%
$0
Property Management
12%
$355
CapEx
4%
$118
Vacancy
3%
$89
Maintenance
4%
$118
Other
11%
$326