This property looks like a bad Mid-Term investment with a projected -5.43% first-year return on $84,150 initial cash invested.
-5.43%
Cash On Cash
5.56%
Cap Rate
0.84
DSCR
$2,782
Rent
-$381
Cashflow
Cash Flow
$2,782 income − $3,163 expenses = $381 out of pocket
Investment Breakdown
|
Purchase Price
$315k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,782
Total Expenses
$3,163
Mortgage P&I
62%
$1,730
Property Taxes
14%
$378
Home Insurance
4%
$110
HOA
0%
$0
Property Management
12%
$334
CapEx
4%
$111
Vacancy
3%
$83
Maintenance
4%
$111
Other
11%
$306