This property looks like a bad Mid-Term investment with a projected -5.82% first-year return on $84,150 initial cash invested.
-5.82%
Cash On Cash
5.32%
Cap Rate
0.82
DSCR
$2,346
Rent
-$408
Cashflow
Cash Flow
$2,346 income − $2,754 expenses = $408 out of pocket
Investment Breakdown
|
Purchase Price
$315k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,346
Total Expenses
$2,754
Mortgage P&I
73%
$1,711
Property Taxes
6%
$135
Home Insurance
5%
$110
HOA
0%
$0
Property Management
12%
$282
CapEx
4%
$94
Vacancy
3%
$70
Maintenance
4%
$94
Other
11%
$258