This property looks like a bad Mid-Term investment with a projected -4.75% first-year return on $85,557 initial cash invested.
-4.75%
Cash On Cash
5.77%
Cap Rate
0.87
DSCR
$2,536
Rent
-$339
Cashflow
Cash Flow
$2,536 income − $2,875 expenses = $339 out of pocket
Investment Breakdown
|
Purchase Price
$322k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,557
Downpayment
20%
$64,340
Closing costs
1%
$3,217
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,536
Total Expenses
$2,875
Mortgage P&I
70%
$1,785
Property Taxes
3%
$79
Home Insurance
5%
$117
HOA
1%
$33
Property Management
12%
$304
CapEx
4%
$101
Vacancy
3%
$76
Maintenance
4%
$101
Other
11%
$279