This property looks like a bad Mid-Term investment with a projected -4.35% first-year return on $83,898 initial cash invested.
-4.35%
Cash On Cash
5.83%
Cap Rate
0.9
DSCR
$3,243
Rent
-$304
Cashflow
Cash Flow
$3,243 income − $3,547 expenses = $304 out of pocket
Investment Breakdown
|
Purchase Price
$314k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,898
Downpayment
20%
$62,760
Closing costs
1%
$3,138
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,243
Total Expenses
$3,547
Mortgage P&I
52%
$1,699
Property Taxes
20%
$633
Home Insurance
3%
$112
HOA
0%
$0
Property Management
12%
$389
CapEx
4%
$130
Vacancy
3%
$97
Maintenance
4%
$130
Other
11%
$357