This property looks like a bad Mid-Term investment with a projected -6.7% first-year return on $83,856 initial cash invested.
-6.7%
Cash On Cash
4.91%
Cap Rate
0.77
DSCR
$2,349
Rent
-$468
Cashflow
Cash Flow
$2,349 income − $2,817 expenses = $468 out of pocket
Investment Breakdown
|
Purchase Price
$314k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,856
Downpayment
20%
$62,720
Closing costs
1%
$3,136
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,349
Total Expenses
$2,817
Mortgage P&I
71%
$1,657
Property Taxes
11%
$250
Home Insurance
5%
$112
HOA
0%
$0
Property Management
12%
$282
CapEx
4%
$94
Vacancy
3%
$70
Maintenance
4%
$94
Other
11%
$258