This property looks like a bad Mid-Term investment with a projected -2.9% first-year return on $86,376 initial cash invested.
-2.9%
Cash On Cash
6.31%
Cap Rate
0.94
DSCR
$2,721
Rent
-$209
Cashflow
Cash Flow
$2,721 income − $2,930 expenses = $209 out of pocket
Investment Breakdown
|
Purchase Price
$326k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$86,376
Downpayment
20%
$65,120
Closing costs
1%
$3,256
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,721
Total Expenses
$2,930
Mortgage P&I
67%
$1,812
Property Taxes
3%
$75
Home Insurance
4%
$117
HOA
0%
$0
Property Management
12%
$327
CapEx
4%
$109
Vacancy
3%
$82
Maintenance
4%
$109
Other
11%
$299