This property looks like a bad Mid-Term investment with a projected -0.41% first-year return on $83,940 initial cash invested.
-0.41%
Cash On Cash
6.9%
Cap Rate
1.07
DSCR
$3,756
Rent
-$29
Cashflow
Cash Flow
$3,756 income − $3,785 expenses = $29 out of pocket
Investment Breakdown
|
Purchase Price
$314k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,940
Downpayment
20%
$62,800
Closing costs
1%
$3,140
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,756
Total Expenses
$3,785
Mortgage P&I
45%
$1,684
Property Taxes
18%
$664
Home Insurance
3%
$110
HOA
1%
$50
Property Management
12%
$451
CapEx
4%
$150
Vacancy
3%
$113
Maintenance
4%
$150
Other
11%
$413