This property looks like a bad Mid-Term investment with a projected -5.87% first-year return on $86,880 initial cash invested.
-5.87%
Cash On Cash
5.05%
Cap Rate
0.81
DSCR
$2,532
Rent
-$425
Cashflow
Cash Flow
$2,532 income − $2,957 expenses = $425 out of pocket
Investment Breakdown
|
Purchase Price
$328k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$86,880
Downpayment
20%
$65,600
Closing costs
1%
$3,280
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,532
Total Expenses
$2,957
Mortgage P&I
67%
$1,705
Property Taxes
11%
$274
Home Insurance
5%
$117
HOA
0%
$0
Property Management
12%
$304
CapEx
4%
$101
Vacancy
3%
$76
Maintenance
4%
$101
Other
11%
$279