This property looks like a bad Mid-Term investment with a projected -2.39% first-year return on $86,964 initial cash invested.
-2.39%
Cash On Cash
5.94%
Cap Rate
0.97
DSCR
$3,002
Rent
-$173
Cashflow
Cash Flow
$3,002 income − $3,175 expenses = $173 out of pocket
Investment Breakdown
|
Purchase Price
$328k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$86,964
Downpayment
20%
$65,680
Closing costs
1%
$3,284
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,002
Total Expenses
$3,175
Mortgage P&I
56%
$1,679
Property Taxes
3%
$75
Home Insurance
4%
$119
HOA
9%
$282
Property Management
12%
$360
CapEx
4%
$120
Vacancy
3%
$90
Maintenance
4%
$120
Other
11%
$330