This property looks like a bad Mid-Term investment with a projected -1.16% first-year return on $84,990 initial cash invested.
-1.16%
Cash On Cash
6.69%
Cap Rate
1.03
DSCR
$3,195
Rent
-$82
Cashflow
Cash Flow
$3,195 income − $3,277 expenses = $82 out of pocket
Investment Breakdown
|
Purchase Price
$319k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,990
Downpayment
20%
$63,800
Closing costs
1%
$3,190
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,195
Total Expenses
$3,277
Mortgage P&I
54%
$1,733
Property Taxes
8%
$262
Home Insurance
4%
$112
HOA
3%
$84
Property Management
12%
$383
CapEx
4%
$128
Vacancy
3%
$96
Maintenance
4%
$128
Other
11%
$351