This property looks like a bad Mid-Term investment with a projected -3.11% first-year return on $84,213 initial cash invested.
-3.11%
Cash On Cash
6.19%
Cap Rate
0.94
DSCR
$2,926
Rent
-$218
Cashflow
Cash Flow
$2,926 income − $3,144 expenses = $218 out of pocket
Investment Breakdown
|
Purchase Price
$315k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,213
Downpayment
20%
$63,060
Closing costs
1%
$3,153
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,926
Total Expenses
$3,144
Mortgage P&I
59%
$1,727
Property Taxes
9%
$256
Home Insurance
4%
$114
HOA
2%
$52
Property Management
12%
$351
CapEx
4%
$117
Vacancy
3%
$88
Maintenance
4%
$117
Other
11%
$322