This property looks like a bad Mid-Term investment with a projected -2.55% first-year return on $84,318 initial cash invested.
-2.55%
Cash On Cash
5.93%
Cap Rate
0.96
DSCR
$2,702
Rent
-$179
Cashflow
Cash Flow
$2,702 income − $2,881 expenses = $179 out of pocket
Investment Breakdown
|
Purchase Price
$316k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,318
Downpayment
20%
$63,160
Closing costs
1%
$3,158
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,702
Total Expenses
$2,881
Mortgage P&I
60%
$1,632
Property Taxes
8%
$217
Home Insurance
4%
$114
HOA
0%
$0
Property Management
12%
$324
CapEx
4%
$108
Vacancy
3%
$81
Maintenance
4%
$108
Other
11%
$297