This property looks like a bad Mid-Term investment with a projected -0.96% first-year return on $85,830 initial cash invested.
-0.96%
Cash On Cash
6.56%
Cap Rate
1.03
DSCR
$3,153
Rent
-$69
Cashflow
Cash Flow
$3,153 income − $3,222 expenses = $69 out of pocket
Investment Breakdown
|
Purchase Price
$323k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,830
Downpayment
20%
$64,600
Closing costs
1%
$3,230
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,153
Total Expenses
$3,222
Mortgage P&I
54%
$1,708
Property Taxes
10%
$320
Home Insurance
4%
$122
HOA
0%
$0
Property Management
12%
$378
CapEx
4%
$126
Vacancy
3%
$95
Maintenance
4%
$126
Other
11%
$347