This property looks like a bad Mid-Term investment with a projected -4.32% first-year return on $84,507 initial cash invested.
-4.32%
Cash On Cash
5.93%
Cap Rate
0.89
DSCR
$2,930
Rent
-$304
Cashflow
Cash Flow
$2,930 income − $3,234 expenses = $304 out of pocket
Investment Breakdown
|
Purchase Price
$317k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,507
Downpayment
20%
$63,340
Closing costs
1%
$3,167
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,930
Total Expenses
$3,234
Mortgage P&I
60%
$1,753
Property Taxes
13%
$383
Home Insurance
3%
$102
HOA
0%
$0
Property Management
12%
$352
CapEx
4%
$117
Vacancy
3%
$88
Maintenance
4%
$117
Other
11%
$322