This property looks like a bad Mid-Term investment with a projected -1.16% first-year return on $84,990 initial cash invested.
-1.16%
Cash On Cash
6.74%
Cap Rate
1.03
DSCR
$3,453
Rent
-$82
Cashflow
Cash Flow
$3,453 income − $3,535 expenses = $82 out of pocket
Investment Breakdown
|
Purchase Price
$319k
Downpayment
20.0%
Interest Rate
7.2%
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
$3,453
Total Expenses
$3,535
Mortgage P&I
50%
$1,737
Property Taxes
14%
$480
Home Insurance
3%
$112
HOA
1%
$32
Property Management
12%
$414
CapEx
4%
$138
Vacancy
3%
$104
Maintenance
4%
$138
Other
11%
$380