This property looks like a bad Mid-Term investment with a projected -4.43% first-year return on $86,859 initial cash invested.
-4.43%
Cash On Cash
5.62%
Cap Rate
0.88
DSCR
$2,974
Rent
-$321
Cashflow
Cash Flow
$2,974 income − $3,295 expenses = $321 out of pocket
Investment Breakdown
|
Purchase Price
$328k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$86,859
Downpayment
20%
$65,580
Closing costs
1%
$3,279
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,974
Total Expenses
$3,295
Mortgage P&I
58%
$1,738
Property Taxes
14%
$430
Home Insurance
4%
$116
HOA
0%
$0
Property Management
12%
$357
CapEx
4%
$119
Vacancy
3%
$89
Maintenance
4%
$119
Other
11%
$327