This property looks like a bad Mid-Term investment with a projected -3.31% first-year return on $84,150 initial cash invested.
-3.31%
Cash On Cash
5.98%
Cap Rate
0.93
DSCR
$2,823
Rent
-$232
Cashflow
Cash Flow
$2,823 income − $3,055 expenses = $232 out of pocket
Investment Breakdown
|
Purchase Price
$315k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,823
Total Expenses
$3,055
Mortgage P&I
60%
$1,690
Property Taxes
10%
$294
Home Insurance
4%
$110
HOA
0%
$0
Property Management
12%
$339
CapEx
4%
$113
Vacancy
3%
$85
Maintenance
4%
$113
Other
11%
$311