This property looks like a bad Mid-Term investment with a projected -0.72% first-year return on $84,948 initial cash invested.
-0.72%
Cash On Cash
6.94%
Cap Rate
1.05
DSCR
$3,294
Rent
-$51
Cashflow
Cash Flow
$3,294 income − $3,345 expenses = $51 out of pocket
Investment Breakdown
|
Purchase Price
$319k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,948
Downpayment
20%
$63,760
Closing costs
1%
$3,188
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,294
Total Expenses
$3,345
Mortgage P&I
54%
$1,763
Property Taxes
11%
$347
Home Insurance
3%
$115
HOA
0%
$0
Property Management
12%
$395
CapEx
4%
$132
Vacancy
3%
$99
Maintenance
4%
$132
Other
11%
$362