This property looks like a bad Mid-Term investment with a projected -2.61% first-year return on $87,195 initial cash invested.
-2.61%
Cash On Cash
6.14%
Cap Rate
0.95
DSCR
$2,688
Rent
-$190
Cashflow
Cash Flow
$2,688 income − $2,878 expenses = $190 out of pocket
Investment Breakdown
|
Purchase Price
$330k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,195
Downpayment
20%
$65,900
Closing costs
1%
$3,295
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,688
Total Expenses
$2,878
Mortgage P&I
66%
$1,768
Property Taxes
3%
$79
Home Insurance
4%
$115
HOA
0%
$0
Property Management
12%
$323
CapEx
4%
$108
Vacancy
3%
$81
Maintenance
4%
$108
Other
11%
$296