This property looks like a bad Mid-Term investment with a projected -1.27% first-year return on $84,360 initial cash invested.
-1.27%
Cash On Cash
6.7%
Cap Rate
1.02
DSCR
$2,910
Rent
-$89
Cashflow
Cash Flow
$2,910 income − $2,999 expenses = $89 out of pocket
Investment Breakdown
|
Purchase Price
$316k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,360
Downpayment
20%
$63,200
Closing costs
1%
$3,160
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,910
Total Expenses
$2,999
Mortgage P&I
60%
$1,737
Property Taxes
6%
$162
Home Insurance
4%
$112
HOA
0%
$0
Property Management
12%
$349
CapEx
4%
$116
Vacancy
3%
$87
Maintenance
4%
$116
Other
11%
$320