This property looks like a bad Mid-Term investment with a projected -1.92% first-year return on $83,961 initial cash invested.
-1.92%
Cash On Cash
6.54%
Cap Rate
0.99
DSCR
$3,070
Rent
-$134
Cashflow
Cash Flow
$3,070 income − $3,204 expenses = $134 out of pocket
Investment Breakdown
|
Purchase Price
$314k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,961
Downpayment
20%
$62,820
Closing costs
1%
$3,141
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,070
Total Expenses
$3,204
Mortgage P&I
56%
$1,722
Property Taxes
11%
$328
Home Insurance
4%
$110
HOA
0%
$0
Property Management
12%
$368
CapEx
4%
$123
Vacancy
3%
$92
Maintenance
4%
$123
Other
11%
$338