This property looks like a bad Mid-Term investment with a projected -2.22% first-year return on $86,376 initial cash invested.
-2.22%
Cash On Cash
6.24%
Cap Rate
0.98
DSCR
$2,914
Rent
-$160
Cashflow
Cash Flow
$2,914 income − $3,074 expenses = $160 out of pocket
Investment Breakdown
|
Purchase Price
$326k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$86,376
Downpayment
20%
$65,120
Closing costs
1%
$3,256
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,914
Total Expenses
$3,074
Mortgage P&I
60%
$1,736
Property Taxes
7%
$213
Home Insurance
5%
$133
HOA
0%
$0
Property Management
12%
$350
CapEx
4%
$117
Vacancy
3%
$87
Maintenance
4%
$117
Other
11%
$321