This property looks like a bad Mid-Term investment with a projected -3.2% first-year return on $84,843 initial cash invested.
-3.2%
Cash On Cash
6.01%
Cap Rate
0.93
DSCR
$2,691
Rent
-$226
Cashflow
Cash Flow
$2,691 income − $2,917 expenses = $226 out of pocket
Investment Breakdown
|
Purchase Price
$318k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,843
Downpayment
20%
$63,660
Closing costs
1%
$3,183
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,691
Total Expenses
$2,917
Mortgage P&I
64%
$1,713
Property Taxes
7%
$180
Home Insurance
4%
$108
HOA
0%
$0
Property Management
12%
$323
CapEx
4%
$108
Vacancy
3%
$81
Maintenance
4%
$108
Other
11%
$296