This property looks like a bad Mid-Term investment with a projected -4.01% first-year return on $85,305 initial cash invested.
-4.01%
Cash On Cash
6.08%
Cap Rate
0.9
DSCR
$2,700
Rent
-$285
Cashflow
Cash Flow
$2,700 income − $2,985 expenses = $285 out of pocket
Investment Breakdown
|
Purchase Price
$321k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,305
Downpayment
20%
$64,100
Closing costs
1%
$3,205
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,700
Total Expenses
$2,985
Mortgage P&I
67%
$1,802
Property Taxes
6%
$149
Home Insurance
4%
$116
HOA
0%
$0
Property Management
12%
$324
CapEx
4%
$108
Vacancy
3%
$81
Maintenance
4%
$108
Other
11%
$297