This property looks like a bad Mid-Term investment with a projected -4.42% first-year return on $84,108 initial cash invested.
-4.42%
Cash On Cash
5.79%
Cap Rate
0.88
DSCR
$2,662
Rent
-$310
Cashflow
Cash Flow
$2,662 income − $2,972 expenses = $310 out of pocket
Investment Breakdown
|
Purchase Price
$315k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,108
Downpayment
20%
$62,960
Closing costs
1%
$3,148
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,662
Total Expenses
$2,972
Mortgage P&I
65%
$1,724
Property Taxes
7%
$194
Home Insurance
4%
$112
HOA
1%
$38
Property Management
12%
$319
CapEx
4%
$106
Vacancy
3%
$80
Maintenance
4%
$106
Other
11%
$293