This property looks like a bad Mid-Term investment with a projected -1.16% first-year return on $84,003 initial cash invested.
-1.16%
Cash On Cash
6.91%
Cap Rate
1.02
DSCR
$2,895
Rent
-$81
Cashflow
Cash Flow
$2,895 income − $2,976 expenses = $81 out of pocket
Investment Breakdown
|
Purchase Price
$314k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,003
Downpayment
20%
$62,860
Closing costs
1%
$3,143
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,895
Total Expenses
$2,976
Mortgage P&I
61%
$1,776
Property Taxes
4%
$114
Home Insurance
4%
$102
HOA
0%
$0
Property Management
12%
$347
CapEx
4%
$116
Vacancy
3%
$87
Maintenance
4%
$116
Other
11%
$318