This property looks like a bad Mid-Term investment with a projected -5.45% first-year return on $83,520 initial cash invested.
-5.45%
Cash On Cash
5.02%
Cap Rate
0.82
DSCR
$2,277
Rent
-$379
Cashflow
Cash Flow
$2,277 income − $2,656 expenses = $379 out of pocket
Investment Breakdown
|
Purchase Price
$312k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,520
Downpayment
20%
$62,400
Closing costs
1%
$3,120
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,277
Total Expenses
$2,656
Mortgage P&I
70%
$1,594
Property Taxes
8%
$180
Home Insurance
5%
$109
HOA
0%
$0
Property Management
12%
$273
CapEx
4%
$91
Vacancy
3%
$68
Maintenance
4%
$91
Other
11%
$250