This property looks like a bad Mid-Term investment with a projected -10.29% first-year return on $85,515 initial cash invested.
-10.29%
Cash On Cash
4.28%
Cap Rate
0.64
DSCR
$2,244
Rent
-$733
Cashflow
Cash Flow
$2,244 income − $2,977 expenses = $733 out of pocket
Investment Breakdown
|
Purchase Price
$322k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,515
Downpayment
20%
$64,300
Closing costs
1%
$3,215
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,244
Total Expenses
$2,977
Mortgage P&I
80%
$1,790
Property Taxes
14%
$309
Home Insurance
5%
$115
HOA
0%
$0
Property Management
12%
$269
CapEx
4%
$90
Vacancy
3%
$67
Maintenance
4%
$90
Other
11%
$247