This property looks like a bad Mid-Term investment with a projected -7.05% first-year return on $85,641 initial cash invested.
-7.05%
Cash On Cash
4.87%
Cap Rate
0.76
DSCR
$2,236
Rent
-$503
Cashflow
Cash Flow
$2,236 income − $2,739 expenses = $503 out of pocket
Investment Breakdown
|
Purchase Price
$322k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,641
Downpayment
20%
$64,420
Closing costs
1%
$3,221
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,236
Total Expenses
$2,739
Mortgage P&I
77%
$1,721
Property Taxes
6%
$142
Home Insurance
5%
$117
HOA
0%
$0
Property Management
12%
$268
CapEx
4%
$89
Vacancy
3%
$67
Maintenance
4%
$89
Other
11%
$246