This property looks like a bad Mid-Term investment with a projected -6.38% first-year return on $83,100 initial cash invested.
-6.38%
Cash On Cash
5.19%
Cap Rate
0.79
DSCR
$2,151
Rent
-$442
Cashflow
Cash Flow
$2,151 income − $2,593 expenses = $442 out of pocket
Investment Breakdown
|
Purchase Price
$310k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,100
Downpayment
20%
$62,000
Closing costs
1%
$3,100
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,151
Total Expenses
$2,593
Mortgage P&I
79%
$1,696
Property Taxes
3%
$57
Home Insurance
5%
$108
HOA
0%
$0
Property Management
12%
$258
CapEx
4%
$86
Vacancy
3%
$65
Maintenance
4%
$86
Other
11%
$237