This property looks like a bad Mid-Term investment with a projected -3.13% first-year return on $83,835 initial cash invested.
-3.13%
Cash On Cash
6.23%
Cap Rate
0.93
DSCR
$2,636
Rent
-$219
Cashflow
Cash Flow
$2,636 income − $2,855 expenses = $219 out of pocket
Investment Breakdown
|
Purchase Price
$314k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,835
Downpayment
20%
$62,700
Closing costs
1%
$3,135
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,636
Total Expenses
$2,855
Mortgage P&I
66%
$1,742
Property Taxes
4%
$106
Home Insurance
4%
$112
HOA
0%
$0
Property Management
12%
$316
CapEx
4%
$105
Vacancy
3%
$79
Maintenance
4%
$105
Other
11%
$290