This property looks like a bad Mid-Term investment with a projected -4.07% first-year return on $84,696 initial cash invested.
-4.07%
Cash On Cash
5.87%
Cap Rate
0.9
DSCR
$2,940
Rent
-$287
Cashflow
Cash Flow
$2,940 income − $3,227 expenses = $287 out of pocket
Investment Breakdown
|
Purchase Price
$318k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,696
Downpayment
20%
$63,520
Closing costs
1%
$3,176
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,940
Total Expenses
$3,227
Mortgage P&I
59%
$1,723
Property Taxes
13%
$396
Home Insurance
4%
$108
HOA
0%
$0
Property Management
12%
$353
CapEx
4%
$118
Vacancy
3%
$88
Maintenance
4%
$118
Other
11%
$323