This property looks like a bad Mid-Term investment with a projected -3.1% first-year return on $84,654 initial cash invested.
-3.1%
Cash On Cash
6.12%
Cap Rate
0.95
DSCR
$3,344
Rent
-$219
Cashflow
Cash Flow
$3,344 income − $3,563 expenses = $219 out of pocket
Investment Breakdown
|
Purchase Price
$317k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,654
Downpayment
20%
$63,480
Closing costs
1%
$3,174
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,344
Total Expenses
$3,563
Mortgage P&I
51%
$1,705
Property Taxes
18%
$605
Home Insurance
3%
$116
HOA
0%
$0
Property Management
12%
$401
CapEx
4%
$134
Vacancy
3%
$100
Maintenance
4%
$134
Other
11%
$368