This property looks like a bad Mid-Term investment with a projected -8.95% first-year return on $84,339 initial cash invested.
-8.95%
Cash On Cash
4.13%
Cap Rate
0.67
DSCR
$2,175
Rent
-$629
Cashflow
Cash Flow
$2,175 income − $2,804 expenses = $629 out of pocket
Investment Breakdown
|
Purchase Price
$316k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,339
Downpayment
20%
$63,180
Closing costs
1%
$3,159
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,175
Total Expenses
$2,804
Mortgage P&I
75%
$1,628
Property Taxes
15%
$323
Home Insurance
5%
$114
HOA
0%
$0
Property Management
12%
$261
CapEx
4%
$87
Vacancy
3%
$65
Maintenance
4%
$87
Other
11%
$239