This property looks like a bad Mid-Term investment with a projected -5.02% first-year return on $84,906 initial cash invested.
-5.02%
Cash On Cash
5.56%
Cap Rate
0.85
DSCR
$2,430
Rent
-$355
Cashflow
Cash Flow
$2,430 income − $2,785 expenses = $355 out of pocket
Investment Breakdown
|
Purchase Price
$319k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,906
Downpayment
20%
$63,720
Closing costs
1%
$3,186
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,430
Total Expenses
$2,785
Mortgage P&I
71%
$1,735
Property Taxes
4%
$109
Home Insurance
5%
$115
HOA
0%
$0
Property Management
12%
$292
CapEx
4%
$97
Vacancy
3%
$73
Maintenance
4%
$97
Other
11%
$267