This property looks like a bad Mid-Term investment with a projected -0.25% first-year return on $84,780 initial cash invested.
-0.25%
Cash On Cash
6.84%
Cap Rate
1.06
DSCR
$2,970
Rent
-$18
Cashflow
Cash Flow
$2,970 income − $2,988 expenses = $18 out of pocket
Investment Breakdown
|
Purchase Price
$318k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,970
Total Expenses
$2,988
Mortgage P&I
58%
$1,712
Property Taxes
2%
$64
Home Insurance
4%
$122
HOA
3%
$80
Property Management
12%
$356
CapEx
4%
$119
Vacancy
3%
$89
Maintenance
4%
$119
Other
11%
$327