This property looks like a bad Mid-Term investment with a projected -4.17% first-year return on $84,339 initial cash invested.
-4.17%
Cash On Cash
5.54%
Cap Rate
0.88
DSCR
$2,414
Rent
-$293
Cashflow
Cash Flow
$2,414 income − $2,707 expenses = $293 out of pocket
Investment Breakdown
|
Purchase Price
$316k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,339
Downpayment
20%
$63,180
Closing costs
1%
$3,159
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,414
Total Expenses
$2,707
Mortgage P&I
69%
$1,655
Property Taxes
5%
$116
Home Insurance
5%
$114
HOA
0%
$0
Property Management
12%
$290
CapEx
4%
$97
Vacancy
3%
$72
Maintenance
4%
$97
Other
11%
$266