This property looks like a bad Mid-Term investment with a projected -3.52% first-year return on $85,620 initial cash invested.
-3.52%
Cash On Cash
6.22%
Cap Rate
0.93
DSCR
$3,279
Rent
-$251
Cashflow
Cash Flow
$3,279 income − $3,530 expenses = $251 out of pocket
Investment Breakdown
|
Purchase Price
$322k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,620
Downpayment
20%
$64,400
Closing costs
1%
$3,220
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,279
Total Expenses
$3,530
Mortgage P&I
55%
$1,788
Property Taxes
16%
$515
Home Insurance
3%
$113
HOA
0%
$0
Property Management
12%
$393
CapEx
4%
$131
Vacancy
3%
$98
Maintenance
4%
$131
Other
11%
$361