This property looks like a bad Mid-Term investment with a projected -0.55% first-year return on $87,972 initial cash invested.
-0.55%
Cash On Cash
6.71%
Cap Rate
1.05
DSCR
$3,250
Rent
-$40
Cashflow
Cash Flow
$3,250 income − $3,290 expenses = $40 out of pocket
Investment Breakdown
|
Purchase Price
$333k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,972
Downpayment
20%
$66,640
Closing costs
1%
$3,332
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,250
Total Expenses
$3,290
Mortgage P&I
55%
$1,773
Property Taxes
9%
$282
Home Insurance
4%
$119
HOA
0%
$10
Property Management
12%
$390
CapEx
4%
$130
Vacancy
3%
$98
Maintenance
4%
$130
Other
11%
$358