This property looks like a bad Mid-Term investment with a projected -2.76% first-year return on $86,838 initial cash invested.
-2.76%
Cash On Cash
6.31%
Cap Rate
0.95
DSCR
$2,922
Rent
-$200
Cashflow
Cash Flow
$2,922 income − $3,122 expenses = $200 out of pocket
Investment Breakdown
|
Purchase Price
$328k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$86,838
Downpayment
20%
$65,560
Closing costs
1%
$3,278
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,922
Total Expenses
$3,122
Mortgage P&I
62%
$1,806
Property Taxes
6%
$172
Home Insurance
5%
$150
HOA
0%
$0
Property Management
12%
$351
CapEx
4%
$117
Vacancy
3%
$88
Maintenance
4%
$117
Other
11%
$321