This property looks like a bad Mid-Term investment with a projected -4.15% first-year return on $86,544 initial cash invested.
-4.15%
Cash On Cash
5.78%
Cap Rate
0.89
DSCR
$2,828
Rent
-$299
Cashflow
Cash Flow
$2,828 income − $3,127 expenses = $299 out of pocket
Investment Breakdown
|
Purchase Price
$326k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$86,544
Downpayment
20%
$65,280
Closing costs
1%
$3,264
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,828
Total Expenses
$3,127
Mortgage P&I
62%
$1,759
Property Taxes
9%
$262
Home Insurance
5%
$145
HOA
0%
$0
Property Management
12%
$339
CapEx
4%
$113
Vacancy
3%
$85
Maintenance
4%
$113
Other
11%
$311