This property looks like a bad Mid-Term investment with a projected -5.21% first-year return on $85,872 initial cash invested.
-5.21%
Cash On Cash
5.57%
Cap Rate
0.85
DSCR
$2,745
Rent
-$373
Cashflow
Cash Flow
$2,745 income − $3,118 expenses = $373 out of pocket
Investment Breakdown
|
Purchase Price
$323k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,745
Total Expenses
$3,118
Mortgage P&I
64%
$1,762
Property Taxes
11%
$304
Home Insurance
4%
$119
HOA
0%
$0
Property Management
12%
$329
CapEx
4%
$110
Vacancy
3%
$82
Maintenance
4%
$110
Other
11%
$302