This property looks like a bad Mid-Term investment with a projected -1.89% first-year return on $84,612 initial cash invested.
-1.89%
Cash On Cash
6.15%
Cap Rate
0.99
DSCR
$3,110
Rent
-$133
Cashflow
Cash Flow
$3,110 income − $3,243 expenses = $133 out of pocket
Investment Breakdown
|
Purchase Price
$317k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,612
Downpayment
20%
$63,440
Closing costs
1%
$3,172
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,110
Total Expenses
$3,243
Mortgage P&I
53%
$1,635
Property Taxes
14%
$430
Home Insurance
4%
$122
HOA
0%
$0
Property Management
12%
$373
CapEx
4%
$124
Vacancy
3%
$93
Maintenance
4%
$124
Other
11%
$342