This property looks like a bad Mid-Term investment with a projected -0.55% first-year return on $85,725 initial cash invested.
-0.55%
Cash On Cash
6.94%
Cap Rate
1.05
DSCR
$3,081
Rent
-$39
Cashflow
Cash Flow
$3,081 income − $3,120 expenses = $39 out of pocket
Investment Breakdown
|
Purchase Price
$323k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,725
Downpayment
20%
$64,500
Closing costs
1%
$3,225
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,081
Total Expenses
$3,120
Mortgage P&I
58%
$1,780
Property Taxes
6%
$179
Home Insurance
4%
$114
HOA
0%
$0
Property Management
12%
$370
CapEx
4%
$123
Vacancy
3%
$92
Maintenance
4%
$123
Other
11%
$339