This property looks like a bad Mid-Term investment with a projected -2.6% first-year return on $87,279 initial cash invested.
-2.6%
Cash On Cash
6.22%
Cap Rate
0.95
DSCR
$2,652
Rent
-$189
Cashflow
Cash Flow
$2,652 income − $2,841 expenses = $189 out of pocket
Investment Breakdown
|
Purchase Price
$330k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,652
Total Expenses
$2,841
Mortgage P&I
68%
$1,794
Property Taxes
1%
$29
Home Insurance
4%
$116
HOA
0%
$0
Property Management
12%
$318
CapEx
4%
$106
Vacancy
3%
$80
Maintenance
4%
$106
Other
11%
$292