This property looks like a bad Mid-Term investment with a projected -2.48% first-year return on $83,709 initial cash invested.
-2.48%
Cash On Cash
5.92%
Cap Rate
0.96
DSCR
$2,886
Rent
-$173
Cashflow
Cash Flow
$2,886 income − $3,059 expenses = $173 out of pocket
Investment Breakdown
|
Purchase Price
$313k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,709
Downpayment
20%
$62,580
Closing costs
1%
$3,129
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,886
Total Expenses
$3,059
Mortgage P&I
55%
$1,601
Property Taxes
13%
$368
Home Insurance
4%
$110
HOA
0%
$0
Property Management
12%
$346
CapEx
4%
$115
Vacancy
3%
$87
Maintenance
4%
$115
Other
11%
$317