This property looks like a bad Mid-Term investment with a projected -5.31% first-year return on $85,809 initial cash invested.
-5.31%
Cash On Cash
5.67%
Cap Rate
0.85
DSCR
$2,684
Rent
-$380
Cashflow
Cash Flow
$2,684 income − $3,064 expenses = $380 out of pocket
Investment Breakdown
|
Purchase Price
$323k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,809
Downpayment
20%
$64,580
Closing costs
1%
$3,229
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,684
Total Expenses
$3,064
Mortgage P&I
67%
$1,799
Property Taxes
9%
$237
Home Insurance
4%
$116
HOA
0%
$0
Property Management
12%
$322
CapEx
4%
$107
Vacancy
3%
$81
Maintenance
4%
$107
Other
11%
$295