This property looks like a bad Mid-Term investment with a projected -1.54% first-year return on $85,620 initial cash invested.
-1.54%
Cash On Cash
6.7%
Cap Rate
1.01
DSCR
$3,189
Rent
-$110
Cashflow
Cash Flow
$3,189 income − $3,299 expenses = $110 out of pocket
Investment Breakdown
|
Purchase Price
$322k
Downpayment
20.0%
Interest Rate
7.4%
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
$3,189
Total Expenses
$3,299
Mortgage P&I
56%
$1,779
Property Taxes
10%
$322
Home Insurance
4%
$112
HOA
0%
$0
Property Management
12%
$383
CapEx
4%
$128
Vacancy
3%
$96
Maintenance
4%
$128
Other
11%
$351