This property looks like a bad Mid-Term investment with a projected -1.53% first-year return on $85,410 initial cash invested.
-1.53%
Cash On Cash
6.21%
Cap Rate
1
DSCR
$2,888
Rent
-$109
Cashflow
Cash Flow
$2,888 income − $2,997 expenses = $109 out of pocket
Investment Breakdown
|
Purchase Price
$321k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,410
Downpayment
20%
$64,200
Closing costs
1%
$3,210
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,888
Total Expenses
$2,997
Mortgage P&I
57%
$1,654
Property Taxes
8%
$228
Home Insurance
5%
$131
HOA
0%
$0
Property Management
12%
$347
CapEx
4%
$116
Vacancy
3%
$87
Maintenance
4%
$116
Other
11%
$318