This property looks like a bad Mid-Term investment with a projected -1.01% first-year return on $85,725 initial cash invested.
-1.01%
Cash On Cash
6.61%
Cap Rate
1.03
DSCR
$2,994
Rent
-$72
Cashflow
Cash Flow
$2,994 income − $3,066 expenses = $72 out of pocket
Investment Breakdown
|
Purchase Price
$323k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,725
Downpayment
20%
$64,500
Closing costs
1%
$3,225
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,994
Total Expenses
$3,066
Mortgage P&I
58%
$1,728
Property Taxes
7%
$200
Home Insurance
4%
$120
HOA
0%
$0
Property Management
12%
$359
CapEx
4%
$120
Vacancy
3%
$90
Maintenance
4%
$120
Other
11%
$329