This property looks like a bad Mid-Term investment with a projected -2.77% first-year return on $83,100 initial cash invested.
-2.77%
Cash On Cash
6.43%
Cap Rate
0.96
DSCR
$3,129
Rent
-$192
Cashflow
Cash Flow
$3,129 income − $3,321 expenses = $192 out of pocket
Investment Breakdown
|
Purchase Price
$310k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,100
Downpayment
20%
$62,000
Closing costs
1%
$3,100
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,129
Total Expenses
$3,321
Mortgage P&I
55%
$1,729
Property Taxes
13%
$421
Home Insurance
3%
$108
HOA
0%
$0
Property Management
12%
$375
CapEx
4%
$125
Vacancy
3%
$94
Maintenance
4%
$125
Other
11%
$344