This property looks like a bad Mid-Term investment with a projected -3.45% first-year return on $84,864 initial cash invested.
-3.45%
Cash On Cash
5.71%
Cap Rate
0.92
DSCR
$2,868
Rent
-$244
Cashflow
Cash Flow
$2,868 income − $3,112 expenses = $244 out of pocket
Investment Breakdown
|
Purchase Price
$318k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,864
Downpayment
20%
$63,680
Closing costs
1%
$3,184
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,868
Total Expenses
$3,112
Mortgage P&I
57%
$1,643
Property Taxes
13%
$380
Home Insurance
4%
$114
HOA
0%
$0
Property Management
12%
$344
CapEx
4%
$115
Vacancy
3%
$86
Maintenance
4%
$115
Other
11%
$315