This property looks like a bad Mid-Term investment with a projected -3.86% first-year return on $84,507 initial cash invested.
-3.86%
Cash On Cash
6.06%
Cap Rate
0.91
DSCR
$2,973
Rent
-$272
Cashflow
Cash Flow
$2,973 income − $3,245 expenses = $272 out of pocket
Investment Breakdown
|
Purchase Price
$317k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,507
Downpayment
20%
$63,340
Closing costs
1%
$3,167
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,973
Total Expenses
$3,245
Mortgage P&I
59%
$1,753
Property Taxes
12%
$369
Home Insurance
4%
$112
HOA
0%
$0
Property Management
12%
$357
CapEx
4%
$119
Vacancy
3%
$89
Maintenance
4%
$119
Other
11%
$327