This property looks like a bad Mid-Term investment with a projected -3.6% first-year return on $83,919 initial cash invested.
-3.6%
Cash On Cash
6.19%
Cap Rate
0.93
DSCR
$3,110
Rent
-$252
Cashflow
Cash Flow
$3,110 income − $3,362 expenses = $252 out of pocket
Investment Breakdown
|
Purchase Price
$314k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,919
Downpayment
20%
$62,780
Closing costs
1%
$3,139
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,110
Total Expenses
$3,362
Mortgage P&I
56%
$1,746
Property Taxes
14%
$446
Home Insurance
4%
$114
HOA
0%
$0
Property Management
12%
$373
CapEx
4%
$124
Vacancy
3%
$93
Maintenance
4%
$124
Other
11%
$342