This property looks like a bad Mid-Term investment with a projected -3.3% first-year return on $85,536 initial cash invested.
-3.3%
Cash On Cash
6.03%
Cap Rate
0.93
DSCR
$2,589
Rent
-$235
Cashflow
Cash Flow
$2,589 income − $2,824 expenses = $235 out of pocket
Investment Breakdown
|
Purchase Price
$322k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,536
Downpayment
20%
$64,320
Closing costs
1%
$3,216
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,589
Total Expenses
$2,824
Mortgage P&I
68%
$1,748
Property Taxes
3%
$78
Home Insurance
4%
$116
HOA
0%
$0
Property Management
12%
$311
CapEx
4%
$104
Vacancy
3%
$78
Maintenance
4%
$104
Other
11%
$285