This property looks like a bad Mid-Term investment with a projected -4.03% first-year return on $84,654 initial cash invested.
-4.03%
Cash On Cash
6.03%
Cap Rate
0.91
DSCR
$2,950
Rent
-$284
Cashflow
Cash Flow
$2,950 income − $3,234 expenses = $284 out of pocket
Investment Breakdown
|
Purchase Price
$317k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,654
Downpayment
20%
$63,480
Closing costs
1%
$3,174
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,950
Total Expenses
$3,234
Mortgage P&I
60%
$1,761
Property Taxes
12%
$359
Home Insurance
4%
$112
HOA
0%
$0
Property Management
12%
$354
CapEx
4%
$118
Vacancy
3%
$88
Maintenance
4%
$118
Other
11%
$324