This property looks like a bad Mid-Term investment with a projected -5.09% first-year return on $85,326 initial cash invested.
-5.09%
Cash On Cash
5.66%
Cap Rate
0.86
DSCR
$2,658
Rent
-$362
Cashflow
Cash Flow
$2,658 income − $3,020 expenses = $362 out of pocket
Investment Breakdown
|
Purchase Price
$321k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,326
Downpayment
20%
$64,120
Closing costs
1%
$3,206
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,658
Total Expenses
$3,020
Mortgage P&I
67%
$1,769
Property Taxes
9%
$234
Home Insurance
4%
$114
HOA
0%
$0
Property Management
12%
$319
CapEx
4%
$106
Vacancy
3%
$80
Maintenance
4%
$106
Other
11%
$292