This property looks like a bad Mid-Term investment with a projected -3.44% first-year return on $84,738 initial cash invested.
-3.44%
Cash On Cash
6.1%
Cap Rate
0.93
DSCR
$2,926
Rent
-$243
Cashflow
Cash Flow
$2,926 income − $3,169 expenses = $243 out of pocket
Investment Breakdown
|
Purchase Price
$318k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,738
Downpayment
20%
$63,560
Closing costs
1%
$3,178
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,926
Total Expenses
$3,169
Mortgage P&I
60%
$1,742
Property Taxes
10%
$304
Home Insurance
4%
$128
HOA
0%
$0
Property Management
12%
$351
CapEx
4%
$117
Vacancy
3%
$88
Maintenance
4%
$117
Other
11%
$322