This property looks like a bad Mid-Term investment with a projected -1.35% first-year return on $86,964 initial cash invested.
-1.35%
Cash On Cash
6.5%
Cap Rate
1.01
DSCR
$2,962
Rent
-$98
Cashflow
Cash Flow
$2,962 income − $3,060 expenses = $98 out of pocket
Investment Breakdown
|
Purchase Price
$328k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$86,964
Downpayment
20%
$65,680
Closing costs
1%
$3,284
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,962
Total Expenses
$3,060
Mortgage P&I
59%
$1,758
Property Taxes
6%
$168
Home Insurance
4%
$128
HOA
0%
$0
Property Management
12%
$355
CapEx
4%
$118
Vacancy
3%
$89
Maintenance
4%
$118
Other
11%
$326