This property looks like a bad Mid-Term investment with a projected -2.32% first-year return on $84,486 initial cash invested.
-2.32%
Cash On Cash
6.42%
Cap Rate
0.98
DSCR
$3,063
Rent
-$163
Cashflow
Cash Flow
$3,063 income − $3,226 expenses = $163 out of pocket
Investment Breakdown
|
Purchase Price
$317k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,486
Downpayment
20%
$63,320
Closing costs
1%
$3,166
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,063
Total Expenses
$3,226
Mortgage P&I
57%
$1,734
Property Taxes
9%
$279
Home Insurance
4%
$115
HOA
2%
$55
Property Management
12%
$368
CapEx
4%
$123
Vacancy
3%
$92
Maintenance
4%
$123
Other
11%
$337