This property looks like a bad Mid-Term investment with a projected -0.85% first-year return on $84,969 initial cash invested.
-0.85%
Cash On Cash
6.92%
Cap Rate
1.05
DSCR
$3,536
Rent
-$60
Cashflow
Cash Flow
$3,536 income − $3,596 expenses = $60 out of pocket
Investment Breakdown
|
Purchase Price
$319k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,969
Downpayment
20%
$63,780
Closing costs
1%
$3,189
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,536
Total Expenses
$3,596
Mortgage P&I
50%
$1,758
Property Taxes
15%
$525
Home Insurance
3%
$112
HOA
0%
$0
Property Management
12%
$424
CapEx
4%
$141
Vacancy
3%
$106
Maintenance
4%
$141
Other
11%
$389