This property looks like a bad Mid-Term investment with a projected -4.63% first-year return on $85,452 initial cash invested.
-4.63%
Cash On Cash
5.77%
Cap Rate
0.87
DSCR
$2,652
Rent
-$330
Cashflow
Cash Flow
$2,652 income − $2,982 expenses = $330 out of pocket
Investment Breakdown
|
Purchase Price
$321k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,452
Downpayment
20%
$64,240
Closing costs
1%
$3,212
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,652
Total Expenses
$2,982
Mortgage P&I
67%
$1,769
Property Taxes
4%
$108
Home Insurance
4%
$116
HOA
3%
$87
Property Management
12%
$318
CapEx
4%
$106
Vacancy
3%
$80
Maintenance
4%
$106
Other
11%
$292