This property looks like a bad Mid-Term investment with a projected -8.16% first-year return on $86,439 initial cash invested.
-8.16%
Cash On Cash
4.32%
Cap Rate
0.7
DSCR
$2,344
Rent
-$588
Cashflow
Cash Flow
$2,344 income − $2,932 expenses = $588 out of pocket
Investment Breakdown
|
Purchase Price
$326k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$86,439
Downpayment
20%
$65,180
Closing costs
1%
$3,259
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,344
Total Expenses
$2,932
Mortgage P&I
71%
$1,668
Property Taxes
15%
$351
Home Insurance
5%
$116
HOA
0%
$0
Property Management
12%
$281
CapEx
4%
$94
Vacancy
3%
$70
Maintenance
4%
$94
Other
11%
$258