This property looks like a bad Mid-Term investment with a projected -2.48% first-year return on $86,964 initial cash invested.
-2.48%
Cash On Cash
6.43%
Cap Rate
0.97
DSCR
$3,054
Rent
-$180
Cashflow
Cash Flow
$3,054 income − $3,234 expenses = $180 out of pocket
Investment Breakdown
|
Purchase Price
$328k
Downpayment
20.0%
Interest Rate
7.4%
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
$3,054
Total Expenses
$3,234
Mortgage P&I
60%
$1,818
Property Taxes
9%
$262
Home Insurance
4%
$116
HOA
0%
$0
Property Management
12%
$366
CapEx
4%
$122
Vacancy
3%
$92
Maintenance
4%
$122
Other
11%
$336