This property looks like a bad Mid-Term investment with a projected -2.41% first-year return on $85,557 initial cash invested.
-2.41%
Cash On Cash
6.15%
Cap Rate
0.96
DSCR
$2,744
Rent
-$172
Cashflow
Cash Flow
$2,744 income − $2,916 expenses = $172 out of pocket
Investment Breakdown
|
Purchase Price
$322k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,557
Downpayment
20%
$64,340
Closing costs
1%
$3,217
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,744
Total Expenses
$2,916
Mortgage P&I
62%
$1,712
Property Taxes
5%
$147
Home Insurance
5%
$124
HOA
0%
$0
Property Management
12%
$329
CapEx
4%
$110
Vacancy
3%
$82
Maintenance
4%
$110
Other
11%
$302