This property looks like a bad Mid-Term investment with a projected -2.73% first-year return on $83,142 initial cash invested.
-2.73%
Cash On Cash
6.42%
Cap Rate
0.96
DSCR
$2,775
Rent
-$189
Cashflow
Cash Flow
$2,775 income − $2,964 expenses = $189 out of pocket
Investment Breakdown
|
Purchase Price
$310k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,142
Downpayment
20%
$62,040
Closing costs
1%
$3,102
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,775
Total Expenses
$2,964
Mortgage P&I
63%
$1,737
Property Taxes
6%
$172
Home Insurance
4%
$112
HOA
0%
$0
Property Management
12%
$333
CapEx
4%
$111
Vacancy
3%
$83
Maintenance
4%
$111
Other
11%
$305