This property looks like a bad Mid-Term investment with a projected -2.92% first-year return on $83,541 initial cash invested.
-2.92%
Cash On Cash
5.79%
Cap Rate
0.94
DSCR
$2,814
Rent
-$203
Cashflow
Cash Flow
$2,814 income − $3,017 expenses = $203 out of pocket
Investment Breakdown
|
Purchase Price
$312k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,541
Downpayment
20%
$62,420
Closing costs
1%
$3,121
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,814
Total Expenses
$3,017
Mortgage P&I
57%
$1,597
Property Taxes
12%
$350
Home Insurance
4%
$112
HOA
0%
$0
Property Management
12%
$338
CapEx
4%
$113
Vacancy
3%
$84
Maintenance
4%
$113
Other
11%
$310