This property looks like a bad Mid-Term investment with a projected -3.7% first-year return on $84,864 initial cash invested.
-3.7%
Cash On Cash
6.19%
Cap Rate
0.91
DSCR
$2,724
Rent
-$262
Cashflow
Cash Flow
$2,724 income − $2,986 expenses = $262 out of pocket
Investment Breakdown
|
Purchase Price
$318k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,864
Downpayment
20%
$63,680
Closing costs
1%
$3,184
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,724
Total Expenses
$2,986
Mortgage P&I
66%
$1,796
Property Taxes
5%
$149
Home Insurance
4%
$114
HOA
0%
$0
Property Management
12%
$327
CapEx
4%
$109
Vacancy
3%
$82
Maintenance
4%
$109
Other
11%
$300