This property looks like a bad Mid-Term investment with a projected -3.91% first-year return on $86,838 initial cash invested.
-3.91%
Cash On Cash
6.25%
Cap Rate
0.92
DSCR
$3,351
Rent
-$283
Cashflow
Cash Flow
$3,351 income − $3,634 expenses = $283 out of pocket
Investment Breakdown
|
Purchase Price
$328k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$86,838
Downpayment
20%
$65,560
Closing costs
1%
$3,278
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,351
Total Expenses
$3,634
Mortgage P&I
55%
$1,855
Property Taxes
17%
$579
Home Insurance
2%
$60
HOA
0%
$0
Property Management
12%
$402
CapEx
4%
$134
Vacancy
3%
$101
Maintenance
4%
$134
Other
11%
$369