This property looks like a bad Mid-Term investment with a projected -2.38% first-year return on $85,809 initial cash invested.
-2.38%
Cash On Cash
6.39%
Cap Rate
0.97
DSCR
$2,944
Rent
-$170
Cashflow
Cash Flow
$2,944 income − $3,114 expenses = $170 out of pocket
Investment Breakdown
|
Purchase Price
$323k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,809
Downpayment
20%
$64,580
Closing costs
1%
$3,229
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,944
Total Expenses
$3,114
Mortgage P&I
60%
$1,772
Property Taxes
8%
$225
Home Insurance
4%
$116
HOA
0%
$0
Property Management
12%
$353
CapEx
4%
$118
Vacancy
3%
$88
Maintenance
4%
$118
Other
11%
$324