This property looks like a bad Mid-Term investment with a projected -0.95% first-year return on $84,780 initial cash invested.
-0.95%
Cash On Cash
6.78%
Cap Rate
1.03
DSCR
$2,870
Rent
-$67
Cashflow
Cash Flow
$2,870 income − $2,937 expenses = $67 out of pocket
Investment Breakdown
|
Purchase Price
$318k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,780
Downpayment
20%
$63,600
Closing costs
1%
$3,180
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,870
Total Expenses
$2,937
Mortgage P&I
61%
$1,748
Property Taxes
2%
$64
Home Insurance
4%
$111
HOA
1%
$38
Property Management
12%
$344
CapEx
4%
$115
Vacancy
3%
$86
Maintenance
4%
$115
Other
11%
$316