This property looks like a bad Mid-Term investment with a projected -2.62% first-year return on $85,032 initial cash invested.
-2.62%
Cash On Cash
6.32%
Cap Rate
0.96
DSCR
$2,856
Rent
-$186
Cashflow
Cash Flow
$2,856 income − $3,042 expenses = $186 out of pocket
Investment Breakdown
|
Purchase Price
$319k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,856
Total Expenses
$3,042
Mortgage P&I
61%
$1,753
Property Taxes
7%
$204
Home Insurance
4%
$114
HOA
0%
$0
Property Management
12%
$343
CapEx
4%
$114
Vacancy
3%
$86
Maintenance
4%
$114
Other
11%
$314