This property looks like a bad Mid-Term investment with a projected -8.34% first-year return on $84,717 initial cash invested.
-8.34%
Cash On Cash
4.5%
Cap Rate
0.71
DSCR
$2,283
Rent
-$589
Cashflow
Cash Flow
$2,283 income − $2,872 expenses = $589 out of pocket
Investment Breakdown
|
Purchase Price
$318k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,717
Downpayment
20%
$63,540
Closing costs
1%
$3,177
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,283
Total Expenses
$2,872
Mortgage P&I
74%
$1,690
Property Taxes
13%
$293
Home Insurance
5%
$114
HOA
0%
$0
Property Management
12%
$274
CapEx
4%
$91
Vacancy
3%
$68
Maintenance
4%
$91
Other
11%
$251