This property looks like a bad Mid-Term investment with a projected -4.87% first-year return on $83,079 initial cash invested.
-4.87%
Cash On Cash
5.3%
Cap Rate
0.85
DSCR
$2,394
Rent
-$337
Cashflow
Cash Flow
$2,394 income − $2,731 expenses = $337 out of pocket
Investment Breakdown
|
Purchase Price
$310k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,079
Downpayment
20%
$61,980
Closing costs
1%
$3,099
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,394
Total Expenses
$2,731
Mortgage P&I
67%
$1,610
Property Taxes
8%
$186
Home Insurance
5%
$108
HOA
1%
$13
Property Management
12%
$287
CapEx
4%
$96
Vacancy
3%
$72
Maintenance
4%
$96
Other
11%
$263