This property looks like a bad Mid-Term investment with a projected -3.07% first-year return on $84,759 initial cash invested.
-3.07%
Cash On Cash
6.1%
Cap Rate
0.94
DSCR
$2,876
Rent
-$217
Cashflow
Cash Flow
$2,876 income − $3,093 expenses = $217 out of pocket
Investment Breakdown
|
Purchase Price
$318k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,759
Downpayment
20%
$63,580
Closing costs
1%
$3,179
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,876
Total Expenses
$3,093
Mortgage P&I
60%
$1,717
Property Taxes
10%
$289
Home Insurance
4%
$110
HOA
0%
$0
Property Management
12%
$345
CapEx
4%
$115
Vacancy
3%
$86
Maintenance
4%
$115
Other
11%
$316