This property looks like a bad Mid-Term investment with a projected -2.41% first-year return on $84,717 initial cash invested.
-2.41%
Cash On Cash
6.02%
Cap Rate
0.97
DSCR
$3,111
Rent
-$170
Cashflow
Cash Flow
$3,111 income − $3,281 expenses = $170 out of pocket
Investment Breakdown
|
Purchase Price
$318k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,717
Downpayment
20%
$63,540
Closing costs
1%
$3,177
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,111
Total Expenses
$3,281
Mortgage P&I
53%
$1,641
Property Taxes
15%
$472
Home Insurance
4%
$112
HOA
0%
$0
Property Management
12%
$373
CapEx
4%
$124
Vacancy
3%
$93
Maintenance
4%
$124
Other
11%
$342