This property looks like a bad Mid-Term investment with a projected -4.83% first-year return on $84,024 initial cash invested.
-4.83%
Cash On Cash
5.63%
Cap Rate
0.86
DSCR
$2,644
Rent
-$338
Cashflow
Cash Flow
$2,644 income − $2,982 expenses = $338 out of pocket
Investment Breakdown
|
Purchase Price
$314k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,024
Downpayment
20%
$62,880
Closing costs
1%
$3,144
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,644
Total Expenses
$2,982
Mortgage P&I
65%
$1,708
Property Taxes
10%
$261
Home Insurance
4%
$114
HOA
0%
$0
Property Management
12%
$317
CapEx
4%
$106
Vacancy
3%
$79
Maintenance
4%
$106
Other
11%
$291