This property looks like a bad Mid-Term investment with a projected -2.17% first-year return on $84,003 initial cash invested.
-2.17%
Cash On Cash
6.42%
Cap Rate
0.98
DSCR
$2,974
Rent
-$152
Cashflow
Cash Flow
$2,974 income − $3,126 expenses = $152 out of pocket
Investment Breakdown
|
Purchase Price
$314k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,003
Downpayment
20%
$62,860
Closing costs
1%
$3,143
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,974
Total Expenses
$3,126
Mortgage P&I
58%
$1,714
Property Taxes
10%
$291
Home Insurance
4%
$110
HOA
0%
$0
Property Management
12%
$357
CapEx
4%
$119
Vacancy
3%
$89
Maintenance
4%
$119
Other
11%
$327