This property looks like a bad Mid-Term investment with a projected -1.61% first-year return on $85,767 initial cash invested.
-1.61%
Cash On Cash
6.71%
Cap Rate
1.01
DSCR
$3,200
Rent
-$115
Cashflow
Cash Flow
$3,200 income − $3,315 expenses = $115 out of pocket
Investment Breakdown
|
Purchase Price
$323k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,767
Downpayment
20%
$64,540
Closing costs
1%
$3,227
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,200
Total Expenses
$3,315
Mortgage P&I
56%
$1,791
Property Taxes
10%
$322
Home Insurance
4%
$114
HOA
0%
$0
Property Management
12%
$384
CapEx
4%
$128
Vacancy
3%
$96
Maintenance
4%
$128
Other
11%
$352