This property looks like a bad Mid-Term investment with a projected -1.75% first-year return on $83,583 initial cash invested.
-1.75%
Cash On Cash
6.57%
Cap Rate
1
DSCR
$3,062
Rent
-$122
Cashflow
Cash Flow
$3,062 income − $3,184 expenses = $122 out of pocket
Investment Breakdown
|
Purchase Price
$312k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,583
Downpayment
20%
$62,460
Closing costs
1%
$3,123
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,062
Total Expenses
$3,184
Mortgage P&I
56%
$1,710
Property Taxes
11%
$324
Home Insurance
4%
$110
HOA
0%
$0
Property Management
12%
$367
CapEx
4%
$122
Vacancy
3%
$92
Maintenance
4%
$122
Other
11%
$337