This property looks like a bad Mid-Term investment with a projected -1.57% first-year return on $83,079 initial cash invested.
-1.57%
Cash On Cash
6.58%
Cap Rate
1
DSCR
$2,786
Rent
-$109
Cashflow
Cash Flow
$2,786 income − $2,895 expenses = $109 out of pocket
Investment Breakdown
|
Purchase Price
$310k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,079
Downpayment
20%
$61,980
Closing costs
1%
$3,099
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,786
Total Expenses
$2,895
Mortgage P&I
61%
$1,697
Property Taxes
5%
$138
Home Insurance
4%
$114
HOA
0%
$0
Property Management
12%
$334
CapEx
4%
$111
Vacancy
3%
$84
Maintenance
4%
$111
Other
11%
$306