This property looks like a bad Mid-Term investment with a projected -5.31% first-year return on $84,948 initial cash invested.
-5.31%
Cash On Cash
5.5%
Cap Rate
0.85
DSCR
$2,724
Rent
-$376
Cashflow
Cash Flow
$2,724 income − $3,100 expenses = $376 out of pocket
Investment Breakdown
|
Purchase Price
$319k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,948
Downpayment
20%
$63,760
Closing costs
1%
$3,188
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,724
Total Expenses
$3,100
Mortgage P&I
63%
$1,729
Property Taxes
12%
$332
Home Insurance
4%
$112
HOA
0%
$0
Property Management
12%
$327
CapEx
4%
$109
Vacancy
3%
$82
Maintenance
4%
$109
Other
11%
$300