This property looks like a bad Mid-Term investment with a projected -5.35% first-year return on $85,683 initial cash invested.
-5.35%
Cash On Cash
5.67%
Cap Rate
0.85
DSCR
$2,920
Rent
-$382
Cashflow
Cash Flow
$2,920 income − $3,302 expenses = $382 out of pocket
Investment Breakdown
|
Purchase Price
$322k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,683
Downpayment
20%
$64,460
Closing costs
1%
$3,223
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,920
Total Expenses
$3,302
Mortgage P&I
61%
$1,788
Property Taxes
14%
$405
Home Insurance
4%
$116
HOA
0%
$0
Property Management
12%
$350
CapEx
4%
$117
Vacancy
3%
$88
Maintenance
4%
$117
Other
11%
$321