This property looks like a bad Mid-Term investment with a projected -1.37% first-year return on $84,801 initial cash invested.
-1.37%
Cash On Cash
6.88%
Cap Rate
1.02
DSCR
$3,310
Rent
-$97
Cashflow
Cash Flow
$3,310 income − $3,407 expenses = $97 out of pocket
Investment Breakdown
|
Purchase Price
$318k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,801
Downpayment
20%
$63,620
Closing costs
1%
$3,181
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,310
Total Expenses
$3,407
Mortgage P&I
54%
$1,790
Property Taxes
11%
$371
Home Insurance
4%
$122
HOA
0%
$0
Property Management
12%
$397
CapEx
4%
$132
Vacancy
3%
$99
Maintenance
4%
$132
Other
11%
$364