This property looks like a bad Mid-Term investment with a projected -8.8% first-year return on $84,150 initial cash invested.
-8.8%
Cash On Cash
4.71%
Cap Rate
0.71
DSCR
$2,686
Rent
-$617
Cashflow
Cash Flow
$2,686 income − $3,303 expenses = $617 out of pocket
Investment Breakdown
|
Purchase Price
$315k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,150
Downpayment
20%
$63,000
Closing costs
1%
$3,150
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,686
Total Expenses
$3,303
Mortgage P&I
65%
$1,746
Property Taxes
19%
$520
Home Insurance
4%
$110
HOA
1%
$15
Property Management
12%
$322
CapEx
4%
$107
Vacancy
3%
$81
Maintenance
4%
$107
Other
11%
$295