This property looks like a bad Mid-Term investment with a projected -3.49% first-year return on $83,100 initial cash invested.
-3.49%
Cash On Cash
6.05%
Cap Rate
0.92
DSCR
$2,511
Rent
-$242
Cashflow
Cash Flow
$2,511 income − $2,753 expenses = $242 out of pocket
Investment Breakdown
|
Purchase Price
$310k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,100
Downpayment
20%
$62,000
Closing costs
1%
$3,100
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,511
Total Expenses
$2,753
Mortgage P&I
68%
$1,705
Property Taxes
4%
$88
Home Insurance
4%
$108
HOA
0%
$0
Property Management
12%
$301
CapEx
4%
$100
Vacancy
3%
$75
Maintenance
4%
$100
Other
11%
$276