This property looks like a bad Mid-Term investment with a projected -0.89% first-year return on $85,872 initial cash invested.
-0.89%
Cash On Cash
6.93%
Cap Rate
1.04
DSCR
$3,416
Rent
-$64
Cashflow
Cash Flow
$3,416 income − $3,480 expenses = $64 out of pocket
Investment Breakdown
|
Purchase Price
$323k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,872
Downpayment
20%
$64,640
Closing costs
1%
$3,232
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,416
Total Expenses
$3,480
Mortgage P&I
52%
$1,793
Property Taxes
12%
$395
Home Insurance
3%
$115
HOA
0%
$15
Property Management
12%
$410
CapEx
4%
$137
Vacancy
3%
$102
Maintenance
4%
$137
Other
11%
$376