This property looks like a bad Mid-Term investment with a projected -2.77% first-year return on $85,389 initial cash invested.
-2.77%
Cash On Cash
6.18%
Cap Rate
0.96
DSCR
$3,064
Rent
-$197
Cashflow
Cash Flow
$3,064 income − $3,261 expenses = $197 out of pocket
Investment Breakdown
|
Purchase Price
$321k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,389
Downpayment
20%
$64,180
Closing costs
1%
$3,209
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,064
Total Expenses
$3,261
Mortgage P&I
56%
$1,726
Property Taxes
11%
$352
Home Insurance
5%
$140
HOA
0%
$0
Property Management
12%
$368
CapEx
4%
$123
Vacancy
3%
$92
Maintenance
4%
$123
Other
11%
$337