This property looks like a bad Mid-Term investment with a projected -1.21% first-year return on $84,213 initial cash invested.
-1.21%
Cash On Cash
6.2%
Cap Rate
1.02
DSCR
$2,745
Rent
-$85
Cashflow
Cash Flow
$2,745 income − $2,830 expenses = $85 out of pocket
Investment Breakdown
|
Purchase Price
$315k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,213
Downpayment
20%
$63,060
Closing costs
1%
$3,153
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,745
Total Expenses
$2,830
Mortgage P&I
58%
$1,603
Property Taxes
6%
$172
Home Insurance
4%
$122
HOA
0%
$0
Property Management
12%
$329
CapEx
4%
$110
Vacancy
3%
$82
Maintenance
4%
$110
Other
11%
$302