This property looks like a bad Mid-Term investment with a projected -0.59% first-year return on $84,927 initial cash invested.
-0.59%
Cash On Cash
6.98%
Cap Rate
1.05
DSCR
$3,208
Rent
-$42
Cashflow
Cash Flow
$3,208 income − $3,250 expenses = $42 out of pocket
Investment Breakdown
|
Purchase Price
$319k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,927
Downpayment
20%
$63,740
Closing costs
1%
$3,187
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,208
Total Expenses
$3,250
Mortgage P&I
55%
$1,768
Property Taxes
9%
$278
Home Insurance
4%
$114
HOA
0%
$0
Property Management
12%
$385
CapEx
4%
$128
Vacancy
3%
$96
Maintenance
4%
$128
Other
11%
$353