This property looks like a bad Mid-Term investment with a projected -4.86% first-year return on $84,948 initial cash invested.
-4.86%
Cash On Cash
5.68%
Cap Rate
0.87
DSCR
$2,952
Rent
-$344
Cashflow
Cash Flow
$2,952 income − $3,296 expenses = $344 out of pocket
Investment Breakdown
|
Purchase Price
$319k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,948
Downpayment
20%
$63,760
Closing costs
1%
$3,188
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,952
Total Expenses
$3,296
Mortgage P&I
59%
$1,735
Property Taxes
15%
$443
Home Insurance
4%
$114
HOA
0%
$0
Property Management
12%
$354
CapEx
4%
$118
Vacancy
3%
$89
Maintenance
4%
$118
Other
11%
$325