This property looks like a bad Mid-Term investment with a projected -3.49% first-year return on $84,150 initial cash invested.
-3.49%
Cash On Cash
6.1%
Cap Rate
0.92
DSCR
$2,598
Rent
-$245
Cashflow
Cash Flow
$2,598 income − $2,843 expenses = $245 out of pocket
Investment Breakdown
|
Purchase Price
$315k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,598
Total Expenses
$2,843
Mortgage P&I
67%
$1,742
Property Taxes
4%
$107
Home Insurance
4%
$110
HOA
0%
$0
Property Management
12%
$312
CapEx
4%
$104
Vacancy
3%
$78
Maintenance
4%
$104
Other
11%
$286