This property looks like a bad Mid-Term investment with a projected -4.95% first-year return on $85,347 initial cash invested.
-4.95%
Cash On Cash
5.26%
Cap Rate
0.85
DSCR
$2,810
Rent
-$352
Cashflow
Cash Flow
$2,810 income − $3,162 expenses = $352 out of pocket
Investment Breakdown
|
Purchase Price
$321k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,347
Downpayment
20%
$64,140
Closing costs
1%
$3,207
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,810
Total Expenses
$3,162
Mortgage P&I
59%
$1,645
Property Taxes
16%
$449
Home Insurance
4%
$114
HOA
0%
$0
Property Management
12%
$337
CapEx
4%
$112
Vacancy
3%
$84
Maintenance
4%
$112
Other
11%
$309