This property looks like a bad Mid-Term investment with a projected -2.89% first-year return on $83,079 initial cash invested.
-2.89%
Cash On Cash
5.75%
Cap Rate
0.95
DSCR
$2,868
Rent
-$200
Cashflow
Cash Flow
$2,868 income − $3,068 expenses = $200 out of pocket
Investment Breakdown
|
Purchase Price
$310k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,079
Downpayment
20%
$61,980
Closing costs
1%
$3,099
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,868
Total Expenses
$3,068
Mortgage P&I
55%
$1,570
Property Taxes
11%
$308
Home Insurance
4%
$110
HOA
4%
$105
Property Management
12%
$344
CapEx
4%
$115
Vacancy
3%
$86
Maintenance
4%
$115
Other
11%
$315