This property looks like a bad Mid-Term investment with a projected -3.41% first-year return on $85,746 initial cash invested.
-3.41%
Cash On Cash
6.09%
Cap Rate
0.93
DSCR
$3,058
Rent
-$244
Cashflow
Cash Flow
$3,058 income − $3,302 expenses = $244 out of pocket
Investment Breakdown
|
Purchase Price
$323k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,746
Downpayment
20%
$64,520
Closing costs
1%
$3,226
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,058
Total Expenses
$3,302
Mortgage P&I
57%
$1,758
Property Taxes
13%
$389
Home Insurance
4%
$116
HOA
0%
$0
Property Management
12%
$367
CapEx
4%
$122
Vacancy
3%
$92
Maintenance
4%
$122
Other
11%
$336