This property looks like a bad Mid-Term investment with a projected -2.32% first-year return on $86,880 initial cash invested.
-2.32%
Cash On Cash
6%
Cap Rate
0.97
DSCR
$3,135
Rent
-$168
Cashflow
Cash Flow
$3,135 income − $3,303 expenses = $168 out of pocket
Investment Breakdown
|
Purchase Price
$328k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$86,880
Downpayment
20%
$65,600
Closing costs
1%
$3,280
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,135
Total Expenses
$3,303
Mortgage P&I
54%
$1,684
Property Taxes
14%
$435
Home Insurance
4%
$119
HOA
0%
$0
Property Management
12%
$376
CapEx
4%
$125
Vacancy
3%
$94
Maintenance
4%
$125
Other
11%
$345