This property looks like a bad Mid-Term investment with a projected -3.59% first-year return on $85,599 initial cash invested.
-3.59%
Cash On Cash
6.06%
Cap Rate
0.92
DSCR
$2,685
Rent
-$256
Cashflow
Cash Flow
$2,685 income − $2,941 expenses = $256 out of pocket
Investment Breakdown
|
Purchase Price
$322k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,599
Downpayment
20%
$64,380
Closing costs
1%
$3,219
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,685
Total Expenses
$2,941
Mortgage P&I
66%
$1,774
Property Taxes
5%
$140
Home Insurance
4%
$115
HOA
0%
$0
Property Management
12%
$322
CapEx
4%
$107
Vacancy
3%
$81
Maintenance
4%
$107
Other
11%
$295