This property looks like a bad Mid-Term investment with a projected -6.3% first-year return on $84,339 initial cash invested.
-6.3%
Cash On Cash
5.23%
Cap Rate
0.8
DSCR
$2,295
Rent
-$443
Cashflow
Cash Flow
$2,295 income − $2,738 expenses = $443 out of pocket
Investment Breakdown
|
Purchase Price
$316k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,339
Downpayment
20%
$63,180
Closing costs
1%
$3,159
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,295
Total Expenses
$2,738
Mortgage P&I
75%
$1,728
Property Taxes
5%
$115
Home Insurance
5%
$115
HOA
0%
$0
Property Management
12%
$275
CapEx
4%
$92
Vacancy
3%
$69
Maintenance
4%
$92
Other
11%
$252