This property looks like a bad Mid-Term investment with a projected -9.87% first-year return on $84,234 initial cash invested.
-9.87%
Cash On Cash
3.87%
Cap Rate
0.62
DSCR
$1,713
Rent
-$693
Cashflow
Cash Flow
$1,713 income − $2,406 expenses = $693 out of pocket
Investment Breakdown
|
Purchase Price
$315k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,234
Downpayment
20%
$63,080
Closing costs
1%
$3,154
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$1,713
Total Expenses
$2,406
Mortgage P&I
96%
$1,640
Property Taxes
4%
$67
Home Insurance
7%
$116
HOA
0%
$0
Property Management
12%
$206
CapEx
4%
$69
Vacancy
3%
$51
Maintenance
4%
$69
Other
11%
$188