This property looks like a bad Mid-Term investment with a projected -2.36% first-year return on $84,780 initial cash invested.
-2.36%
Cash On Cash
6.48%
Cap Rate
0.97
DSCR
$2,828
Rent
-$167
Cashflow
Cash Flow
$2,828 income − $2,995 expenses = $167 out of pocket
Investment Breakdown
|
Purchase Price
$318k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,780
Downpayment
20%
$63,600
Closing costs
1%
$3,180
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,828
Total Expenses
$2,995
Mortgage P&I
63%
$1,772
Property Taxes
5%
$151
Home Insurance
4%
$111
HOA
0%
$0
Property Management
12%
$339
CapEx
4%
$113
Vacancy
3%
$85
Maintenance
4%
$113
Other
11%
$311