This property looks like a bad Mid-Term investment with a projected -2.4% first-year return on $85,494 initial cash invested.
-2.4%
Cash On Cash
6.32%
Cap Rate
0.97
DSCR
$2,856
Rent
-$171
Cashflow
Cash Flow
$2,856 income − $3,027 expenses = $171 out of pocket
Investment Breakdown
|
Purchase Price
$321k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,494
Downpayment
20%
$64,280
Closing costs
1%
$3,214
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,856
Total Expenses
$3,027
Mortgage P&I
61%
$1,749
Property Taxes
6%
$185
Home Insurance
4%
$122
HOA
0%
$0
Property Management
12%
$343
CapEx
4%
$114
Vacancy
3%
$86
Maintenance
4%
$114
Other
11%
$314