This property looks like a bad Mid-Term investment with a projected -5.27% first-year return on $85,011 initial cash invested.
-5.27%
Cash On Cash
5.19%
Cap Rate
0.83
DSCR
$2,380
Rent
-$373
Cashflow
Cash Flow
$2,380 income − $2,753 expenses = $373 out of pocket
Investment Breakdown
|
Purchase Price
$319k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,011
Downpayment
20%
$63,820
Closing costs
1%
$3,191
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,380
Total Expenses
$2,753
Mortgage P&I
70%
$1,657
Property Taxes
7%
$173
Home Insurance
5%
$114
HOA
0%
$0
Property Management
12%
$286
CapEx
4%
$95
Vacancy
3%
$71
Maintenance
4%
$95
Other
11%
$262