This property looks like a bad Mid-Term investment with a projected -0.95% first-year return on $84,675 initial cash invested.
-0.95%
Cash On Cash
6.77%
Cap Rate
1.03
DSCR
$3,111
Rent
-$67
Cashflow
Cash Flow
$3,111 income − $3,178 expenses = $67 out of pocket
Investment Breakdown
|
Purchase Price
$318k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,675
Downpayment
20%
$63,500
Closing costs
1%
$3,175
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,111
Total Expenses
$3,178
Mortgage P&I
56%
$1,734
Property Taxes
9%
$269
Home Insurance
4%
$119
HOA
0%
$0
Property Management
12%
$373
CapEx
4%
$124
Vacancy
3%
$93
Maintenance
4%
$124
Other
11%
$342