This property looks like a bad Mid-Term investment with a projected -3.6% first-year return on $83,310 initial cash invested.
-3.6%
Cash On Cash
5.95%
Cap Rate
0.92
DSCR
$3,080
Rent
-$250
Cashflow
Cash Flow
$3,080 income − $3,330 expenses = $250 out of pocket
Investment Breakdown
|
Purchase Price
$311k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,310
Downpayment
20%
$62,200
Closing costs
1%
$3,110
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,080
Total Expenses
$3,330
Mortgage P&I
54%
$1,670
Property Taxes
16%
$500
Home Insurance
4%
$113
HOA
0%
$0
Property Management
12%
$370
CapEx
4%
$123
Vacancy
3%
$92
Maintenance
4%
$123
Other
11%
$339