This property looks like a bad Mid-Term investment with a projected -1.89% first-year return on $84,024 initial cash invested.
-1.89%
Cash On Cash
6.2%
Cap Rate
0.99
DSCR
$2,840
Rent
-$132
Cashflow
Cash Flow
$2,840 income − $2,972 expenses = $132 out of pocket
Investment Breakdown
|
Purchase Price
$314k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,024
Downpayment
20%
$62,880
Closing costs
1%
$3,144
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,840
Total Expenses
$2,972
Mortgage P&I
58%
$1,642
Property Taxes
9%
$252
Home Insurance
4%
$112
HOA
0%
$0
Property Management
12%
$341
CapEx
4%
$114
Vacancy
3%
$85
Maintenance
4%
$114
Other
11%
$312