This property looks like a bad Mid-Term investment with a projected -1.94% first-year return on $84,696 initial cash invested.
-1.94%
Cash On Cash
6.53%
Cap Rate
0.99
DSCR
$3,063
Rent
-$137
Cashflow
Cash Flow
$3,063 income − $3,200 expenses = $137 out of pocket
Investment Breakdown
|
Purchase Price
$318k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,696
Downpayment
20%
$63,520
Closing costs
1%
$3,176
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,063
Total Expenses
$3,200
Mortgage P&I
57%
$1,743
Property Taxes
10%
$300
Home Insurance
4%
$114
HOA
0%
$0
Property Management
12%
$368
CapEx
4%
$123
Vacancy
3%
$92
Maintenance
4%
$123
Other
11%
$337