This property looks like a bad Mid-Term investment with a projected -8.36% first-year return on $84,990 initial cash invested.
-8.36%
Cash On Cash
4.77%
Cap Rate
0.72
DSCR
$2,720
Rent
-$592
Cashflow
Cash Flow
$2,720 income − $3,312 expenses = $592 out of pocket
Investment Breakdown
|
Purchase Price
$319k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,720
Total Expenses
$3,312
Mortgage P&I
64%
$1,751
Property Taxes
19%
$524
Home Insurance
4%
$112
HOA
0%
$0
Property Management
12%
$326
CapEx
4%
$109
Vacancy
3%
$82
Maintenance
4%
$109
Other
11%
$299