This property looks like a bad Mid-Term investment with a projected -2.96% first-year return on $86,481 initial cash invested.
-2.96%
Cash On Cash
5.67%
Cap Rate
0.94
DSCR
$2,670
Rent
-$213
Cashflow
Cash Flow
$2,670 income − $2,883 expenses = $213 out of pocket
Investment Breakdown
|
Purchase Price
$326k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$86,481
Downpayment
20%
$65,220
Closing costs
1%
$3,261
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,670
Total Expenses
$2,883
Mortgage P&I
62%
$1,648
Property Taxes
8%
$210
Home Insurance
4%
$117
HOA
0%
$0
Property Management
12%
$320
CapEx
4%
$107
Vacancy
3%
$80
Maintenance
4%
$107
Other
11%
$294