This property looks like a bad Mid-Term investment with a projected -1.1% first-year return on $84,276 initial cash invested.
-1.1%
Cash On Cash
7.08%
Cap Rate
1.02
DSCR
$3,030
Rent
-$77
Cashflow
Cash Flow
$3,030 income − $3,107 expenses = $77 out of pocket
Investment Breakdown
|
Purchase Price
$316k
Downpayment
20.0%
Interest Rate
7.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,276
Downpayment
20%
$63,120
Closing costs
1%
$3,156
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,030
Total Expenses
$3,107
Mortgage P&I
60%
$1,819
Property Taxes
5%
$146
Home Insurance
4%
$112
HOA
0%
$0
Property Management
12%
$364
CapEx
4%
$121
Vacancy
3%
$91
Maintenance
4%
$121
Other
11%
$333