This property looks like a bad Mid-Term investment with a projected -4.57% first-year return on $85,662 initial cash invested.
-4.57%
Cash On Cash
5.8%
Cap Rate
0.88
DSCR
$2,610
Rent
-$326
Cashflow
Cash Flow
$2,610 income − $2,936 expenses = $326 out of pocket
Investment Breakdown
|
Purchase Price
$322k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,610
Total Expenses
$2,936
Mortgage P&I
68%
$1,780
Property Taxes
5%
$138
Home Insurance
4%
$114
HOA
1%
$18
Property Management
12%
$313
CapEx
4%
$104
Vacancy
3%
$78
Maintenance
4%
$104
Other
11%
$287