This property looks like a bad Mid-Term investment with a projected -1.66% first-year return on $85,788 initial cash invested.
-1.66%
Cash On Cash
6.28%
Cap Rate
1
DSCR
$2,800
Rent
-$119
Cashflow
Cash Flow
$2,800 income − $2,919 expenses = $119 out of pocket
Investment Breakdown
|
Purchase Price
$323k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,788
Downpayment
20%
$64,560
Closing costs
1%
$3,228
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,800
Total Expenses
$2,919
Mortgage P&I
61%
$1,696
Property Taxes
6%
$154
Home Insurance
4%
$117
HOA
0%
$0
Property Management
12%
$336
CapEx
4%
$112
Vacancy
3%
$84
Maintenance
4%
$112
Other
11%
$308