This property looks like a bad Mid-Term investment with a projected -3.88% first-year return on $85,074 initial cash invested.
-3.88%
Cash On Cash
5.9%
Cap Rate
0.92
DSCR
$3,297
Rent
-$275
Cashflow
Cash Flow
$3,297 income − $3,572 expenses = $275 out of pocket
Investment Breakdown
|
Purchase Price
$319k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,074
Downpayment
20%
$63,880
Closing costs
1%
$3,194
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,297
Total Expenses
$3,572
Mortgage P&I
52%
$1,713
Property Taxes
19%
$615
Home Insurance
4%
$122
HOA
0%
$0
Property Management
12%
$396
CapEx
4%
$132
Vacancy
3%
$99
Maintenance
4%
$132
Other
11%
$363