This property looks like a bad Mid-Term investment with a projected -9.78% first-year return on $84,990 initial cash invested.
-9.78%
Cash On Cash
4.31%
Cap Rate
0.66
DSCR
$2,362
Rent
-$693
Cashflow
Cash Flow
$2,362 income − $3,055 expenses = $693 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
$2,362
Total Expenses
$3,055
Mortgage P&I
74%
$1,745
Property Taxes
17%
$396
Home Insurance
5%
$112
HOA
0%
$0
Property Management
12%
$283
CapEx
4%
$94
Vacancy
3%
$71
Maintenance
4%
$94
Other
11%
$260