This property looks like a bad Mid-Term investment with a projected -5.17% first-year return on $84,990 initial cash invested.
-5.17%
Cash On Cash
5.53%
Cap Rate
0.84
DSCR
$2,343
Rent
-$366
Cashflow
Cash Flow
$2,343 income − $2,709 expenses = $366 out of pocket
Investment Breakdown
|
Purchase Price
$319k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,990
Downpayment
20%
$63,800
Closing costs
1%
$3,190
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,343
Total Expenses
$2,709
Mortgage P&I
74%
$1,743
Property Taxes
2%
$57
Home Insurance
5%
$112
HOA
0%
$0
Property Management
12%
$281
CapEx
4%
$94
Vacancy
3%
$70
Maintenance
4%
$94
Other
11%
$258