This property looks like a bad Mid-Term investment with a projected -3.66% first-year return on $84,612 initial cash invested.
-3.66%
Cash On Cash
6%
Cap Rate
0.91
DSCR
$2,582
Rent
-$258
Cashflow
Cash Flow
$2,582 income − $2,840 expenses = $258 out of pocket
Investment Breakdown
|
Purchase Price
$317k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,612
Downpayment
20%
$63,440
Closing costs
1%
$3,172
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,582
Total Expenses
$2,840
Mortgage P&I
67%
$1,742
Property Taxes
4%
$111
Home Insurance
4%
$110
HOA
0%
$0
Property Management
12%
$310
CapEx
4%
$103
Vacancy
3%
$77
Maintenance
4%
$103
Other
11%
$284