This property looks like a bad Mid-Term investment with a projected -6.37% first-year return on $84,591 initial cash invested.
-6.37%
Cash On Cash
5.23%
Cap Rate
0.8
DSCR
$2,382
Rent
-$449
Cashflow
Cash Flow
$2,382 income − $2,831 expenses = $449 out of pocket
Investment Breakdown
|
Purchase Price
$317k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,591
Downpayment
20%
$63,420
Closing costs
1%
$3,171
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,382
Total Expenses
$2,831
Mortgage P&I
73%
$1,737
Property Taxes
6%
$141
Home Insurance
5%
$114
HOA
1%
$30
Property Management
12%
$286
CapEx
4%
$95
Vacancy
3%
$71
Maintenance
4%
$95
Other
11%
$262