This property looks like a bad Mid-Term investment with a projected -2.19% first-year return on $84,822 initial cash invested.
-2.19%
Cash On Cash
5.96%
Cap Rate
0.97
DSCR
$2,762
Rent
-$155
Cashflow
Cash Flow
$2,762 income − $2,917 expenses = $155 out of pocket
Investment Breakdown
|
Purchase Price
$318k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,822
Downpayment
20%
$63,640
Closing costs
1%
$3,182
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,762
Total Expenses
$2,917
Mortgage P&I
59%
$1,626
Property Taxes
9%
$239
Home Insurance
4%
$114
HOA
0%
$0
Property Management
12%
$331
CapEx
4%
$110
Vacancy
3%
$83
Maintenance
4%
$110
Other
11%
$304