This property looks like a bad Mid-Term investment with a projected -5.75% first-year return on $85,011 initial cash invested.
-5.75%
Cash On Cash
5.04%
Cap Rate
0.82
DSCR
$2,907
Rent
-$407
Cashflow
Cash Flow
$2,907 income − $3,314 expenses = $407 out of pocket
Investment Breakdown
|
Purchase Price
$319k
Downpayment
20.0%
Interest Rate
6.6%
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
$2,907
Total Expenses
$3,314
Mortgage P&I
56%
$1,632
Property Taxes
20%
$577
Home Insurance
4%
$117
HOA
0%
$0
Property Management
12%
$349
CapEx
4%
$116
Vacancy
3%
$87
Maintenance
4%
$116
Other
11%
$320