This property looks like a bad Mid-Term investment with a projected -7.77% first-year return on $85,410 initial cash invested.
-7.77%
Cash On Cash
5.05%
Cap Rate
0.76
DSCR
$3,080
Rent
-$553
Cashflow
Cash Flow
$3,080 income − $3,633 expenses = $553 out of pocket
Investment Breakdown
|
Purchase Price
$321k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,410
Downpayment
20%
$64,200
Closing costs
1%
$3,210
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,080
Total Expenses
$3,633
Mortgage P&I
58%
$1,782
Property Taxes
22%
$690
Home Insurance
4%
$114
HOA
0%
$0
Property Management
12%
$370
CapEx
4%
$123
Vacancy
3%
$92
Maintenance
4%
$123
Other
11%
$339