This property looks like a bad Mid-Term investment with a projected -0.33% first-year return on $83,982 initial cash invested.
-0.33%
Cash On Cash
6.88%
Cap Rate
1.06
DSCR
$3,150
Rent
-$23
Cashflow
Cash Flow
$3,150 income − $3,173 expenses = $23 out of pocket
Investment Breakdown
|
Purchase Price
$314k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,982
Downpayment
20%
$62,840
Closing costs
1%
$3,142
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,150
Total Expenses
$3,173
Mortgage P&I
54%
$1,699
Property Taxes
9%
$294
Home Insurance
3%
$110
HOA
0%
$0
Property Management
12%
$378
CapEx
4%
$126
Vacancy
3%
$94
Maintenance
4%
$126
Other
11%
$346