This property looks like a bad Mid-Term investment with a projected -7.28% first-year return on $84,444 initial cash invested.
-7.28%
Cash On Cash
5.14%
Cap Rate
0.76
DSCR
$2,348
Rent
-$512
Cashflow
Cash Flow
$2,348 income − $2,860 expenses = $512 out of pocket
Investment Breakdown
|
Purchase Price
$316k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,444
Downpayment
20%
$63,280
Closing costs
1%
$3,164
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,348
Total Expenses
$2,860
Mortgage P&I
76%
$1,774
Property Taxes
7%
$175
Home Insurance
5%
$113
HOA
0%
$0
Property Management
12%
$282
CapEx
4%
$94
Vacancy
3%
$70
Maintenance
4%
$94
Other
11%
$258