This property looks like a bad Mid-Term investment with a projected -1.88% first-year return on $84,150 initial cash invested.
-1.88%
Cash On Cash
6.47%
Cap Rate
1
DSCR
$3,129
Rent
-$132
Cashflow
Cash Flow
$3,129 income − $3,261 expenses = $132 out of pocket
Investment Breakdown
|
Purchase Price
$315k
Downpayment
20.0%
Interest Rate
7.2%
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
$3,129
Total Expenses
$3,261
Mortgage P&I
55%
$1,706
Property Taxes
11%
$353
Home Insurance
4%
$110
HOA
1%
$29
Property Management
12%
$375
CapEx
4%
$125
Vacancy
3%
$94
Maintenance
4%
$125
Other
11%
$344