This property looks like a bad Mid-Term investment with a projected -3.48% first-year return on $83,877 initial cash invested.
-3.48%
Cash On Cash
6.08%
Cap Rate
0.92
DSCR
$2,721
Rent
-$243
Cashflow
Cash Flow
$2,721 income − $2,964 expenses = $243 out of pocket
Investment Breakdown
|
Purchase Price
$314k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,877
Downpayment
20%
$62,740
Closing costs
1%
$3,137
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,721
Total Expenses
$2,964
Mortgage P&I
63%
$1,724
Property Taxes
8%
$206
Home Insurance
4%
$108
HOA
0%
$0
Property Management
12%
$327
CapEx
4%
$109
Vacancy
3%
$82
Maintenance
4%
$109
Other
11%
$299