This property looks like a bad Mid-Term investment with a projected -7.83% first-year return on $83,100 initial cash invested.
-7.83%
Cash On Cash
4.6%
Cap Rate
0.73
DSCR
$2,403
Rent
-$542
Cashflow
Cash Flow
$2,403 income − $2,945 expenses = $542 out of pocket
Investment Breakdown
|
Purchase Price
$310k
Downpayment
20.0%
Interest Rate
6.9%
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
$2,403
Total Expenses
$2,945
Mortgage P&I
68%
$1,634
Property Taxes
16%
$387
Home Insurance
4%
$108
HOA
0%
$0
Property Management
12%
$288
CapEx
4%
$96
Vacancy
3%
$72
Maintenance
4%
$96
Other
11%
$264