This property looks like a bad Mid-Term investment with a projected -0.71% first-year return on $85,662 initial cash invested.
-0.71%
Cash On Cash
6.37%
Cap Rate
1.05
DSCR
$3,304
Rent
-$51
Cashflow
Cash Flow
$3,304 income − $3,355 expenses = $51 out of pocket
Investment Breakdown
|
Purchase Price
$322k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,662
Downpayment
20%
$64,440
Closing costs
1%
$3,222
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,304
Total Expenses
$3,355
Mortgage P&I
49%
$1,629
Property Taxes
15%
$490
Home Insurance
3%
$114
HOA
0%
$0
Property Management
12%
$396
CapEx
4%
$132
Vacancy
3%
$99
Maintenance
4%
$132
Other
11%
$363