This property looks like a bad Mid-Term investment with a projected -1.24% first-year return on $83,541 initial cash invested.
-1.24%
Cash On Cash
6.68%
Cap Rate
1.02
DSCR
$3,093
Rent
-$86
Cashflow
Cash Flow
$3,093 income − $3,179 expenses = $86 out of pocket
Investment Breakdown
|
Purchase Price
$312k
Downpayment
20.0%
Interest Rate
7.2%
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
$3,093
Total Expenses
$3,179
Mortgage P&I
55%
$1,700
Property Taxes
10%
$315
Home Insurance
4%
$112
HOA
0%
$0
Property Management
12%
$371
CapEx
4%
$124
Vacancy
3%
$93
Maintenance
4%
$124
Other
11%
$340