This property looks like a bad Mid-Term investment with a projected -2.51% first-year return on $85,410 initial cash invested.
-2.51%
Cash On Cash
6.29%
Cap Rate
0.97
DSCR
$2,958
Rent
-$179
Cashflow
Cash Flow
$2,958 income − $3,137 expenses = $179 out of pocket
Investment Breakdown
|
Purchase Price
$321k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,410
Downpayment
20%
$64,200
Closing costs
1%
$3,210
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,958
Total Expenses
$3,137
Mortgage P&I
59%
$1,744
Property Taxes
9%
$254
Home Insurance
4%
$112
HOA
1%
$22
Property Management
12%
$355
CapEx
4%
$118
Vacancy
3%
$89
Maintenance
4%
$118
Other
11%
$325