This property looks like a bad Mid-Term investment with a projected -3.56% first-year return on $83,877 initial cash invested.
-3.56%
Cash On Cash
5.6%
Cap Rate
0.91
DSCR
$2,668
Rent
-$249
Cashflow
Cash Flow
$2,668 income − $2,917 expenses = $249 out of pocket
Investment Breakdown
|
Purchase Price
$314k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,877
Downpayment
20%
$62,740
Closing costs
1%
$3,137
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,668
Total Expenses
$2,917
Mortgage P&I
60%
$1,605
Property Taxes
11%
$295
Home Insurance
4%
$110
HOA
0%
$0
Property Management
12%
$320
CapEx
4%
$107
Vacancy
3%
$80
Maintenance
4%
$107
Other
11%
$293