This property looks like a bad Mid-Term investment with a projected -2.06% first-year return on $85,809 initial cash invested.
-2.06%
Cash On Cash
6.42%
Cap Rate
0.98
DSCR
$2,990
Rent
-$147
Cashflow
Cash Flow
$2,990 income − $3,137 expenses = $147 out of pocket
Investment Breakdown
|
Purchase Price
$323k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,809
Downpayment
20%
$64,580
Closing costs
1%
$3,229
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,990
Total Expenses
$3,137
Mortgage P&I
59%
$1,755
Property Taxes
7%
$221
Home Insurance
4%
$113
HOA
1%
$30
Property Management
12%
$359
CapEx
4%
$120
Vacancy
3%
$90
Maintenance
4%
$120
Other
11%
$329