This property looks like a bad Mid-Term investment with a projected -11.29% first-year return on $84,255 initial cash invested.
-11.29%
Cash On Cash
3.49%
Cap Rate
0.57
DSCR
$2,307
Rent
-$793
Cashflow
Cash Flow
$2,307 income − $3,100 expenses = $793 out of pocket
Investment Breakdown
|
Purchase Price
$316k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,255
Downpayment
20%
$63,100
Closing costs
1%
$3,155
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,307
Total Expenses
$3,100
Mortgage P&I
70%
$1,618
Property Taxes
25%
$576
Home Insurance
5%
$122
HOA
0%
$0
Property Management
12%
$277
CapEx
4%
$92
Vacancy
3%
$69
Maintenance
4%
$92
Other
11%
$254