This property looks like a bad Mid-Term investment with a projected -1.58% first-year return on $85,032 initial cash invested.
-1.58%
Cash On Cash
6.8%
Cap Rate
1.01
DSCR
$3,165
Rent
-$112
Cashflow
Cash Flow
$3,165 income − $3,277 expenses = $112 out of pocket
Investment Breakdown
|
Purchase Price
$319k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,032
Downpayment
20%
$63,840
Closing costs
1%
$3,192
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,165
Total Expenses
$3,277
Mortgage P&I
57%
$1,794
Property Taxes
9%
$292
Home Insurance
4%
$114
HOA
0%
$0
Property Management
12%
$380
CapEx
4%
$127
Vacancy
3%
$95
Maintenance
4%
$127
Other
11%
$348