This property looks like a bad Mid-Term investment with a projected -3.14% first-year return on $84,444 initial cash invested.
-3.14%
Cash On Cash
6.15%
Cap Rate
0.94
DSCR
$2,824
Rent
-$221
Cashflow
Cash Flow
$2,824 income − $3,045 expenses = $221 out of pocket
Investment Breakdown
|
Purchase Price
$316k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,444
Downpayment
20%
$63,280
Closing costs
1%
$3,164
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,824
Total Expenses
$3,045
Mortgage P&I
61%
$1,730
Property Taxes
8%
$233
Home Insurance
4%
$121
HOA
0%
$0
Property Management
12%
$339
CapEx
4%
$113
Vacancy
3%
$85
Maintenance
4%
$113
Other
11%
$311