This property looks like a bad Mid-Term investment with a projected -6.86% first-year return on $84,003 initial cash invested.
-6.86%
Cash On Cash
4.76%
Cap Rate
0.76
DSCR
$2,372
Rent
-$480
Cashflow
Cash Flow
$2,372 income − $2,852 expenses = $480 out of pocket
Investment Breakdown
|
Purchase Price
$314k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,003
Downpayment
20%
$62,860
Closing costs
1%
$3,143
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,372
Total Expenses
$2,852
Mortgage P&I
69%
$1,633
Property Taxes
13%
$298
Home Insurance
5%
$114
HOA
0%
$0
Property Management
12%
$285
CapEx
4%
$95
Vacancy
3%
$71
Maintenance
4%
$95
Other
11%
$261