This property looks like a bad Mid-Term investment with a projected -3.11% first-year return on $85,578 initial cash invested.
-3.11%
Cash On Cash
6.22%
Cap Rate
0.95
DSCR
$3,176
Rent
-$222
Cashflow
Cash Flow
$3,176 income − $3,398 expenses = $222 out of pocket
Investment Breakdown
|
Purchase Price
$322k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,578
Downpayment
20%
$64,360
Closing costs
1%
$3,218
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,176
Total Expenses
$3,398
Mortgage P&I
55%
$1,762
Property Taxes
14%
$443
Home Insurance
4%
$114
HOA
0%
$0
Property Management
12%
$381
CapEx
4%
$127
Vacancy
3%
$95
Maintenance
4%
$127
Other
11%
$349