This property looks like a bad Mid-Term investment with a projected -2.43% first-year return on $85,788 initial cash invested.
-2.43%
Cash On Cash
6.43%
Cap Rate
0.97
DSCR
$2,913
Rent
-$174
Cashflow
Cash Flow
$2,913 income − $3,087 expenses = $174 out of pocket
Investment Breakdown
|
Purchase Price
$323k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,788
Downpayment
20%
$64,560
Closing costs
1%
$3,228
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,913
Total Expenses
$3,087
Mortgage P&I
61%
$1,787
Property Taxes
7%
$195
Home Insurance
4%
$114
HOA
0%
$0
Property Management
12%
$350
CapEx
4%
$117
Vacancy
3%
$87
Maintenance
4%
$117
Other
11%
$320