This property looks like a bad Mid-Term investment with a projected -6.89% first-year return on $84,969 initial cash invested.
-6.89%
Cash On Cash
5.16%
Cap Rate
0.78
DSCR
$2,535
Rent
-$488
Cashflow
Cash Flow
$2,535 income − $3,023 expenses = $488 out of pocket
Investment Breakdown
|
Purchase Price
$319k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,969
Downpayment
20%
$63,780
Closing costs
1%
$3,189
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,535
Total Expenses
$3,023
Mortgage P&I
69%
$1,758
Property Taxes
11%
$290
Home Insurance
5%
$114
HOA
0%
$0
Property Management
12%
$304
CapEx
4%
$101
Vacancy
3%
$76
Maintenance
4%
$101
Other
11%
$279