This property looks like a bad Mid-Term investment with a projected -2.06% first-year return on $84,024 initial cash invested.
-2.06%
Cash On Cash
6.45%
Cap Rate
0.99
DSCR
$3,326
Rent
-$144
Cashflow
Cash Flow
$3,326 income − $3,470 expenses = $144 out of pocket
Investment Breakdown
|
Purchase Price
$314k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,024
Downpayment
20%
$62,880
Closing costs
1%
$3,144
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,326
Total Expenses
$3,470
Mortgage P&I
51%
$1,701
Property Taxes
15%
$507
Home Insurance
4%
$131
HOA
0%
$0
Property Management
12%
$399
CapEx
4%
$133
Vacancy
3%
$100
Maintenance
4%
$133
Other
11%
$366