This property looks like a bad Mid-Term investment with a projected -1.03% first-year return on $85,431 initial cash invested.
-1.03%
Cash On Cash
6.67%
Cap Rate
1.02
DSCR
$2,834
Rent
-$73
Cashflow
Cash Flow
$2,834 income − $2,907 expenses = $73 out of pocket
Investment Breakdown
|
Purchase Price
$321k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,431
Downpayment
20%
$64,220
Closing costs
1%
$3,211
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,834
Total Expenses
$2,907
Mortgage P&I
62%
$1,746
Property Taxes
2%
$58
Home Insurance
5%
$140
HOA
0%
$0
Property Management
12%
$340
CapEx
4%
$113
Vacancy
3%
$85
Maintenance
4%
$113
Other
11%
$312