This property looks like a bad Mid-Term investment with a projected -2.97% first-year return on $85,620 initial cash invested.
-2.97%
Cash On Cash
6.38%
Cap Rate
0.95
DSCR
$3,075
Rent
-$212
Cashflow
Cash Flow
$3,075 income − $3,287 expenses = $212 out of pocket
Investment Breakdown
|
Purchase Price
$322k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,620
Downpayment
20%
$64,400
Closing costs
1%
$3,220
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,075
Total Expenses
$3,287
Mortgage P&I
59%
$1,801
Property Taxes
11%
$331
Home Insurance
4%
$110
HOA
0%
$0
Property Management
12%
$369
CapEx
4%
$123
Vacancy
3%
$92
Maintenance
4%
$123
Other
11%
$338