This property looks like a bad Mid-Term investment with a projected -0.3% first-year return on $84,654 initial cash invested.
-0.3%
Cash On Cash
6.99%
Cap Rate
1.06
DSCR
$3,230
Rent
-$21
Cashflow
Cash Flow
$3,230 income − $3,251 expenses = $21 out of pocket
Investment Breakdown
|
Purchase Price
$317k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,654
Downpayment
20%
$63,480
Closing costs
1%
$3,174
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,230
Total Expenses
$3,251
Mortgage P&I
54%
$1,740
Property Taxes
9%
$292
Home Insurance
4%
$119
HOA
0%
$2
Property Management
12%
$388
CapEx
4%
$129
Vacancy
3%
$97
Maintenance
4%
$129
Other
11%
$355