This property looks like a bad Mid-Term investment with a projected -1.42% first-year return on $85,914 initial cash invested.
-1.42%
Cash On Cash
6.61%
Cap Rate
1.01
DSCR
$2,816
Rent
-$102
Cashflow
Cash Flow
$2,816 income − $2,918 expenses = $102 out of pocket
Investment Breakdown
|
Purchase Price
$323k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,914
Downpayment
20%
$64,680
Closing costs
1%
$3,234
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,816
Total Expenses
$2,918
Mortgage P&I
63%
$1,771
Property Taxes
3%
$86
Home Insurance
4%
$103
HOA
0%
$0
Property Management
12%
$338
CapEx
4%
$113
Vacancy
3%
$84
Maintenance
4%
$113
Other
11%
$310