This property looks like a bad Mid-Term investment with a projected -3.7% first-year return on $85,515 initial cash invested.
-3.7%
Cash On Cash
5.57%
Cap Rate
0.91
DSCR
$2,748
Rent
-$264
Cashflow
Cash Flow
$2,748 income − $3,012 expenses = $264 out of pocket
Investment Breakdown
|
Purchase Price
$322k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,515
Downpayment
20%
$64,300
Closing costs
1%
$3,215
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,748
Total Expenses
$3,012
Mortgage P&I
60%
$1,645
Property Taxes
12%
$319
Home Insurance
4%
$114
HOA
0%
$0
Property Management
12%
$330
CapEx
4%
$110
Vacancy
3%
$82
Maintenance
4%
$110
Other
11%
$302