This property looks like a bad Mid-Term investment with a projected -1.08% first-year return on $84,780 initial cash invested.
-1.08%
Cash On Cash
6.82%
Cap Rate
1.03
DSCR
$3,194
Rent
-$76
Cashflow
Cash Flow
$3,194 income − $3,270 expenses = $76 out of pocket
Investment Breakdown
|
Purchase Price
$318k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,780
Downpayment
20%
$63,600
Closing costs
1%
$3,180
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,194
Total Expenses
$3,270
Mortgage P&I
55%
$1,755
Property Taxes
10%
$318
Home Insurance
3%
$111
HOA
0%
$0
Property Management
12%
$383
CapEx
4%
$128
Vacancy
3%
$96
Maintenance
4%
$128
Other
11%
$351