This property looks like a bad Mid-Term investment with a projected -4.08% first-year return on $85,347 initial cash invested.
-4.08%
Cash On Cash
6.02%
Cap Rate
0.9
DSCR
$2,558
Rent
-$290
Cashflow
Cash Flow
$2,558 income − $2,848 expenses = $290 out of pocket
Investment Breakdown
|
Purchase Price
$321k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,347
Downpayment
20%
$64,140
Closing costs
1%
$3,207
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,558
Total Expenses
$2,848
Mortgage P&I
70%
$1,798
Property Taxes
3%
$65
Home Insurance
5%
$116
HOA
0%
$0
Property Management
12%
$307
CapEx
4%
$102
Vacancy
3%
$77
Maintenance
4%
$102
Other
11%
$281