This property looks like a bad Mid-Term investment with a projected -3.98% first-year return on $84,969 initial cash invested.
-3.98%
Cash On Cash
5.91%
Cap Rate
0.9
DSCR
$2,679
Rent
-$282
Cashflow
Cash Flow
$2,679 income − $2,961 expenses = $282 out of pocket
Investment Breakdown
|
Purchase Price
$319k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,969
Downpayment
20%
$63,780
Closing costs
1%
$3,189
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,679
Total Expenses
$2,961
Mortgage P&I
65%
$1,746
Property Taxes
7%
$191
Home Insurance
4%
$114
HOA
0%
$0
Property Management
12%
$321
CapEx
4%
$107
Vacancy
3%
$80
Maintenance
4%
$107
Other
11%
$295