This property looks like a bad Mid-Term investment with a projected -2.18% first-year return on $84,759 initial cash invested.
-2.18%
Cash On Cash
5.92%
Cap Rate
0.97
DSCR
$2,787
Rent
-$154
Cashflow
Cash Flow
$2,787 income − $2,941 expenses = $154 out of pocket
Investment Breakdown
|
Purchase Price
$318k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,759
Downpayment
20%
$63,580
Closing costs
1%
$3,179
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,787
Total Expenses
$2,941
Mortgage P&I
58%
$1,611
Property Taxes
10%
$270
Home Insurance
4%
$113
HOA
0%
$0
Property Management
12%
$334
CapEx
4%
$111
Vacancy
3%
$84
Maintenance
4%
$111
Other
11%
$307