This property looks like a bad Mid-Term investment with a projected -6.62% first-year return on $85,389 initial cash invested.
-6.62%
Cash On Cash
5.18%
Cap Rate
0.79
DSCR
$2,787
Rent
-$471
Cashflow
Cash Flow
$2,787 income − $3,258 expenses = $471 out of pocket
Investment Breakdown
|
Purchase Price
$321k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,787
Total Expenses
$3,258
Mortgage P&I
63%
$1,744
Property Taxes
11%
$299
Home Insurance
10%
$268
HOA
0%
$0
Property Management
12%
$334
CapEx
4%
$111
Vacancy
3%
$84
Maintenance
4%
$111
Other
11%
$307