This property looks like a bad Mid-Term investment with a projected -2.01% first-year return on $84,843 initial cash invested.
-2.01%
Cash On Cash
5.96%
Cap Rate
0.98
DSCR
$2,646
Rent
-$142
Cashflow
Cash Flow
$2,646 income − $2,788 expenses = $142 out of pocket
Investment Breakdown
|
Purchase Price
$318k
Downpayment
20.0%
Interest Rate
6.5%
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
$2,646
Total Expenses
$2,788
Mortgage P&I
61%
$1,618
Property Taxes
3%
$92
Home Insurance
4%
$114
HOA
2%
$64
Property Management
12%
$318
CapEx
4%
$106
Vacancy
3%
$79
Maintenance
4%
$106
Other
11%
$291