This property looks like a bad Mid-Term investment with a projected -7.71% first-year return on $85,431 initial cash invested.
-7.71%
Cash On Cash
4.91%
Cap Rate
0.75
DSCR
$2,607
Rent
-$549
Cashflow
Cash Flow
$2,607 income − $3,156 expenses = $549 out of pocket
Investment Breakdown
|
Purchase Price
$321k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,431
Downpayment
20%
$64,220
Closing costs
1%
$3,211
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,607
Total Expenses
$3,156
Mortgage P&I
67%
$1,758
Property Taxes
15%
$396
Home Insurance
4%
$116
HOA
0%
$0
Property Management
12%
$313
CapEx
4%
$104
Vacancy
3%
$78
Maintenance
4%
$104
Other
11%
$287