This property looks like a bad Mid-Term investment with a projected -0.7% first-year return on $85,452 initial cash invested.
-0.7%
Cash On Cash
6.39%
Cap Rate
1.04
DSCR
$2,853
Rent
-$50
Cashflow
Cash Flow
$2,853 income − $2,903 expenses = $50 out of pocket
Investment Breakdown
|
Purchase Price
$321k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,452
Downpayment
20%
$64,240
Closing costs
1%
$3,212
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,853
Total Expenses
$2,903
Mortgage P&I
58%
$1,647
Property Taxes
6%
$167
Home Insurance
4%
$119
HOA
0%
$0
Property Management
12%
$342
CapEx
4%
$114
Vacancy
3%
$86
Maintenance
4%
$114
Other
11%
$314