This property looks like a bad Mid-Term investment with a projected -5.36% first-year return on $85,767 initial cash invested.
-5.36%
Cash On Cash
5.8%
Cap Rate
0.85
DSCR
$2,628
Rent
-$383
Cashflow
Cash Flow
$2,628 income − $3,011 expenses = $383 out of pocket
Investment Breakdown
|
Purchase Price
$323k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,767
Downpayment
20%
$64,540
Closing costs
1%
$3,227
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,628
Total Expenses
$3,011
Mortgage P&I
70%
$1,838
Property Taxes
6%
$164
Home Insurance
4%
$116
HOA
0%
$0
Property Management
12%
$315
CapEx
4%
$105
Vacancy
3%
$79
Maintenance
4%
$105
Other
11%
$289