This property looks like a bad Mid-Term investment with a projected -6.45% first-year return on $85,011 initial cash invested.
-6.45%
Cash On Cash
5.28%
Cap Rate
0.8
DSCR
$2,800
Rent
-$457
Cashflow
Cash Flow
$2,800 income − $3,257 expenses = $457 out of pocket
Investment Breakdown
|
Purchase Price
$319k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,011
Downpayment
20%
$63,820
Closing costs
1%
$3,191
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,800
Total Expenses
$3,257
Mortgage P&I
62%
$1,749
Property Taxes
15%
$427
Home Insurance
4%
$119
HOA
0%
$10
Property Management
12%
$336
CapEx
4%
$112
Vacancy
3%
$84
Maintenance
4%
$112
Other
11%
$308