This property looks like a bad Mid-Term investment with a projected -4.46% first-year return on $84,570 initial cash invested.
-4.46%
Cash On Cash
5.77%
Cap Rate
0.88
DSCR
$2,654
Rent
-$314
Cashflow
Cash Flow
$2,654 income − $2,968 expenses = $314 out of pocket
Investment Breakdown
|
Purchase Price
$317k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,570
Downpayment
20%
$63,400
Closing costs
1%
$3,170
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,654
Total Expenses
$2,968
Mortgage P&I
65%
$1,732
Property Taxes
8%
$219
Home Insurance
4%
$115
HOA
0%
$0
Property Management
12%
$318
CapEx
4%
$106
Vacancy
3%
$80
Maintenance
4%
$106
Other
11%
$292