This property looks like a bad Mid-Term investment with a projected -1.39% first-year return on $85,368 initial cash invested.
-1.39%
Cash On Cash
6.79%
Cap Rate
1.01
DSCR
$3,093
Rent
-$99
Cashflow
Cash Flow
$3,093 income − $3,192 expenses = $99 out of pocket
Investment Breakdown
|
Purchase Price
$321k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,368
Downpayment
20%
$64,160
Closing costs
1%
$3,208
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,093
Total Expenses
$3,192
Mortgage P&I
58%
$1,789
Property Taxes
8%
$238
Home Insurance
4%
$113
HOA
0%
$0
Property Management
12%
$371
CapEx
4%
$124
Vacancy
3%
$93
Maintenance
4%
$124
Other
11%
$340