This property looks like a bad Mid-Term investment with a projected -10.53% first-year return on $84,990 initial cash invested.
-10.53%
Cash On Cash
3.9%
Cap Rate
0.61
DSCR
$2,140
Rent
-$746
Cashflow
Cash Flow
$2,140 income − $2,886 expenses = $746 out of pocket
Investment Breakdown
|
Purchase Price
$319k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,990
Downpayment
20%
$63,800
Closing costs
1%
$3,190
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,140
Total Expenses
$2,886
Mortgage P&I
79%
$1,698
Property Taxes
16%
$344
Home Insurance
5%
$116
HOA
0%
$0
Property Management
12%
$257
CapEx
4%
$86
Vacancy
3%
$64
Maintenance
4%
$86
Other
11%
$235