This property looks like a bad Mid-Term investment with a projected -3.01% first-year return on $85,011 initial cash invested.
-3.01%
Cash On Cash
6%
Cap Rate
0.94
DSCR
$2,760
Rent
-$213
Cashflow
Cash Flow
$2,760 income − $2,973 expenses = $213 out of pocket
Investment Breakdown
|
Purchase Price
$319k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,011
Downpayment
20%
$63,820
Closing costs
1%
$3,191
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,760
Total Expenses
$2,973
Mortgage P&I
62%
$1,698
Property Taxes
8%
$225
Home Insurance
4%
$112
HOA
0%
$0
Property Management
12%
$331
CapEx
4%
$110
Vacancy
3%
$83
Maintenance
4%
$110
Other
11%
$304