This property looks like a bad Mid-Term investment with a projected -1.93% first-year return on $84,675 initial cash invested.
-1.93%
Cash On Cash
6.45%
Cap Rate
0.99
DSCR
$2,883
Rent
-$136
Cashflow
Cash Flow
$2,883 income − $3,019 expenses = $136 out of pocket
Investment Breakdown
|
Purchase Price
$318k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,675
Downpayment
20%
$63,500
Closing costs
1%
$3,175
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,883
Total Expenses
$3,019
Mortgage P&I
60%
$1,727
Property Taxes
7%
$215
Home Insurance
3%
$94
HOA
0%
$4
Property Management
12%
$346
CapEx
4%
$115
Vacancy
3%
$86
Maintenance
4%
$115
Other
11%
$317