This property looks like a bad Mid-Term investment with a projected -3.4% first-year return on $84,444 initial cash invested.
-3.4%
Cash On Cash
6.13%
Cap Rate
0.93
DSCR
$2,728
Rent
-$239
Cashflow
Cash Flow
$2,728 income − $2,967 expenses = $239 out of pocket
Investment Breakdown
|
Purchase Price
$316k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,444
Downpayment
20%
$63,280
Closing costs
1%
$3,164
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,728
Total Expenses
$2,967
Mortgage P&I
64%
$1,746
Property Taxes
7%
$182
Home Insurance
4%
$112
HOA
0%
$0
Property Management
12%
$327
CapEx
4%
$109
Vacancy
3%
$82
Maintenance
4%
$109
Other
11%
$300