This property looks like a bad Mid-Term investment with a projected -3.93% first-year return on $85,893 initial cash invested.
-3.93%
Cash On Cash
5.98%
Cap Rate
0.92
DSCR
$3,626
Rent
-$281
Cashflow
Cash Flow
$3,626 income − $3,907 expenses = $281 out of pocket
Investment Breakdown
|
Purchase Price
$323k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,893
Downpayment
20%
$64,660
Closing costs
1%
$3,233
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,626
Total Expenses
$3,907
Mortgage P&I
48%
$1,746
Property Taxes
6%
$215
Home Insurance
3%
$115
HOA
16%
$598
Property Management
12%
$435
CapEx
4%
$145
Vacancy
3%
$109
Maintenance
4%
$145
Other
11%
$399