This property looks like a bad Mid-Term investment with a projected -2.67% first-year return on $83,142 initial cash invested.
-2.67%
Cash On Cash
6.32%
Cap Rate
0.97
DSCR
$3,342
Rent
-$185
Cashflow
Cash Flow
$3,342 income − $3,527 expenses = $185 out of pocket
Investment Breakdown
|
Purchase Price
$310k
Downpayment
20.0%
Interest Rate
7.2%
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
$3,342
Total Expenses
$3,527
Mortgage P&I
50%
$1,686
Property Taxes
9%
$291
Home Insurance
3%
$114
HOA
9%
$299
Property Management
12%
$401
CapEx
4%
$134
Vacancy
3%
$100
Maintenance
4%
$134
Other
11%
$368