This property looks like a bad Mid-Term investment with a projected -3.39% first-year return on $84,990 initial cash invested.
-3.39%
Cash On Cash
6.06%
Cap Rate
0.92
DSCR
$2,631
Rent
-$240
Cashflow
Cash Flow
$2,631 income − $2,871 expenses = $240 out of pocket
Investment Breakdown
|
Purchase Price
$319k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,990
Downpayment
20%
$63,800
Closing costs
1%
$3,190
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,631
Total Expenses
$2,871
Mortgage P&I
66%
$1,747
Property Taxes
4%
$118
Home Insurance
4%
$112
HOA
0%
$0
Property Management
12%
$316
CapEx
4%
$105
Vacancy
3%
$79
Maintenance
4%
$105
Other
11%
$289