This property looks like a bad Mid-Term investment with a projected -2.64% first-year return on $84,591 initial cash invested.
-2.64%
Cash On Cash
6.39%
Cap Rate
0.96
DSCR
$2,758
Rent
-$186
Cashflow
Cash Flow
$2,758 income − $2,944 expenses = $186 out of pocket
Investment Breakdown
|
Purchase Price
$317k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,591
Downpayment
20%
$63,420
Closing costs
1%
$3,171
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,758
Total Expenses
$2,944
Mortgage P&I
64%
$1,765
Property Taxes
5%
$126
Home Insurance
4%
$116
HOA
0%
$0
Property Management
12%
$331
CapEx
4%
$110
Vacancy
3%
$83
Maintenance
4%
$110
Other
11%
$303