This property looks like a bad Mid-Term investment with a projected -3.61% first-year return on $84,990 initial cash invested.
-3.61%
Cash On Cash
6.09%
Cap Rate
0.92
DSCR
$2,948
Rent
-$256
Cashflow
Cash Flow
$2,948 income − $3,204 expenses = $256 out of pocket
Investment Breakdown
|
Purchase Price
$319k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,990
Downpayment
20%
$63,800
Closing costs
1%
$3,190
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,948
Total Expenses
$3,204
Mortgage P&I
60%
$1,758
Property Taxes
11%
$332
Home Insurance
4%
$112
HOA
0%
$0
Property Management
12%
$354
CapEx
4%
$118
Vacancy
3%
$88
Maintenance
4%
$118
Other
11%
$324