This property looks like a bad Mid-Term investment with a projected -3.14% first-year return on $86,397 initial cash invested.
-3.14%
Cash On Cash
6.3%
Cap Rate
0.94
DSCR
$3,000
Rent
-$226
Cashflow
Cash Flow
$3,000 income − $3,226 expenses = $226 out of pocket
Investment Breakdown
|
Purchase Price
$326k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$86,397
Downpayment
20%
$65,140
Closing costs
1%
$3,257
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,000
Total Expenses
$3,226
Mortgage P&I
61%
$1,816
Property Taxes
9%
$259
Home Insurance
4%
$131
HOA
0%
$0
Property Management
12%
$360
CapEx
4%
$120
Vacancy
3%
$90
Maintenance
4%
$120
Other
11%
$330