This property looks like a bad Mid-Term investment with a projected -4% first-year return on $86,922 initial cash invested.
-4%
Cash On Cash
5.48%
Cap Rate
0.9
DSCR
$2,925
Rent
-$290
Cashflow
Cash Flow
$2,925 income − $3,215 expenses = $290 out of pocket
Investment Breakdown
|
Purchase Price
$328k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$86,922
Downpayment
20%
$65,640
Closing costs
1%
$3,282
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,925
Total Expenses
$3,215
Mortgage P&I
57%
$1,671
Property Taxes
15%
$432
Home Insurance
4%
$117
HOA
0%
$0
Property Management
12%
$351
CapEx
4%
$117
Vacancy
3%
$88
Maintenance
4%
$117
Other
11%
$322