This property looks like a bad Mid-Term investment with a projected -5.63% first-year return on $85,872 initial cash invested.
-5.63%
Cash On Cash
5.47%
Cap Rate
0.83
DSCR
$2,632
Rent
-$403
Cashflow
Cash Flow
$2,632 income − $3,035 expenses = $403 out of pocket
Investment Breakdown
|
Purchase Price
$323k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,872
Downpayment
20%
$64,640
Closing costs
1%
$3,232
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,632
Total Expenses
$3,035
Mortgage P&I
67%
$1,770
Property Taxes
10%
$255
Home Insurance
4%
$115
HOA
0%
$0
Property Management
12%
$316
CapEx
4%
$105
Vacancy
3%
$79
Maintenance
4%
$105
Other
11%
$290