This property looks like a bad Mid-Term investment with a projected -2.15% first-year return on $84,675 initial cash invested.
-2.15%
Cash On Cash
5.97%
Cap Rate
0.97
DSCR
$2,756
Rent
-$152
Cashflow
Cash Flow
$2,756 income − $2,908 expenses = $152 out of pocket
Investment Breakdown
|
Purchase Price
$318k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,675
Downpayment
20%
$63,500
Closing costs
1%
$3,175
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,756
Total Expenses
$2,908
Mortgage P&I
59%
$1,622
Property Taxes
9%
$235
Home Insurance
4%
$114
HOA
0%
$0
Property Management
12%
$331
CapEx
4%
$110
Vacancy
3%
$83
Maintenance
4%
$110
Other
11%
$303