This property looks like a bad Mid-Term investment with a projected -0.45% first-year return on $84,717 initial cash invested.
-0.45%
Cash On Cash
6.75%
Cap Rate
1.05
DSCR
$2,820
Rent
-$32
Cashflow
Cash Flow
$2,820 income − $2,852 expenses = $32 out of pocket
Investment Breakdown
|
Purchase Price
$318k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,820
Total Expenses
$2,852
Mortgage P&I
61%
$1,707
Property Taxes
3%
$72
Home Insurance
4%
$114
HOA
0%
$0
Property Management
12%
$338
CapEx
4%
$113
Vacancy
3%
$85
Maintenance
4%
$113
Other
11%
$310