This property looks like a bad Mid-Term investment with a projected -1.4% first-year return on $85,494 initial cash invested.
-1.4%
Cash On Cash
6.59%
Cap Rate
1.02
DSCR
$3,213
Rent
-$100
Cashflow
Cash Flow
$3,213 income − $3,313 expenses = $100 out of pocket
Investment Breakdown
|
Purchase Price
$321k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,494
Downpayment
20%
$64,280
Closing costs
1%
$3,214
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,213
Total Expenses
$3,313
Mortgage P&I
54%
$1,735
Property Taxes
7%
$224
Home Insurance
3%
$107
HOA
5%
$154
Property Management
12%
$386
CapEx
4%
$129
Vacancy
3%
$96
Maintenance
4%
$129
Other
11%
$353