This property looks like a bad Mid-Term investment with a projected -1.16% first-year return on $84,927 initial cash invested.
-1.16%
Cash On Cash
6.25%
Cap Rate
1.03
DSCR
$3,177
Rent
-$82
Cashflow
Cash Flow
$3,177 income − $3,259 expenses = $82 out of pocket
Investment Breakdown
|
Purchase Price
$319k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,927
Downpayment
20%
$63,740
Closing costs
1%
$3,187
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,177
Total Expenses
$3,259
Mortgage P&I
51%
$1,615
Property Taxes
14%
$442
Home Insurance
4%
$114
HOA
0%
$9
Property Management
12%
$381
CapEx
4%
$127
Vacancy
3%
$95
Maintenance
4%
$127
Other
11%
$349