This property looks like a bad Mid-Term investment with a projected -3.85% first-year return on $84,780 initial cash invested.
-3.85%
Cash On Cash
5.94%
Cap Rate
0.9
DSCR
$2,656
Rent
-$272
Cashflow
Cash Flow
$2,656 income − $2,928 expenses = $272 out of pocket
Investment Breakdown
|
Purchase Price
$318k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,780
Downpayment
20%
$63,600
Closing costs
1%
$3,180
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,656
Total Expenses
$2,928
Mortgage P&I
65%
$1,739
Property Taxes
6%
$172
Home Insurance
4%
$114
HOA
0%
$0
Property Management
12%
$319
CapEx
4%
$106
Vacancy
3%
$80
Maintenance
4%
$106
Other
11%
$292