This property looks like a bad Mid-Term investment with a projected -7.03% first-year return on $86,838 initial cash invested.
-7.03%
Cash On Cash
5.26%
Cap Rate
0.78
DSCR
$2,715
Rent
-$509
Cashflow
Cash Flow
$2,715 income − $3,224 expenses = $509 out of pocket
Investment Breakdown
|
Purchase Price
$328k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$86,838
Downpayment
20%
$65,560
Closing costs
1%
$3,278
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,715
Total Expenses
$3,224
Mortgage P&I
68%
$1,838
Property Taxes
13%
$343
Home Insurance
4%
$119
HOA
0%
$0
Property Management
12%
$326
CapEx
4%
$109
Vacancy
3%
$81
Maintenance
4%
$109
Other
11%
$299