This property looks like a bad Mid-Term investment with a projected -3.46% first-year return on $85,746 initial cash invested.
-3.46%
Cash On Cash
6.02%
Cap Rate
0.92
DSCR
$2,596
Rent
-$247
Cashflow
Cash Flow
$2,596 income − $2,843 expenses = $247 out of pocket
Investment Breakdown
|
Purchase Price
$323k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,746
Downpayment
20%
$64,520
Closing costs
1%
$3,226
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,596
Total Expenses
$2,843
Mortgage P&I
68%
$1,762
Property Taxes
3%
$81
Home Insurance
4%
$116
HOA
0%
$0
Property Management
12%
$312
CapEx
4%
$104
Vacancy
3%
$78
Maintenance
4%
$104
Other
11%
$286