This property looks like a bad Mid-Term investment with a projected -0.83% first-year return on $84,990 initial cash invested.
-0.83%
Cash On Cash
6.29%
Cap Rate
1.03
DSCR
$2,886
Rent
-$59
Cashflow
Cash Flow
$2,886 income − $2,945 expenses = $59 out of pocket
Investment Breakdown
|
Purchase Price
$319k
Downpayment
20.0%
Interest Rate
6.5%
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
$2,886
Total Expenses
$2,945
Mortgage P&I
56%
$1,616
Property Taxes
8%
$237
Home Insurance
4%
$112
HOA
0%
$0
Property Management
12%
$346
CapEx
4%
$115
Vacancy
3%
$87
Maintenance
4%
$115
Other
11%
$317