This property looks like a bad Mid-Term investment with a projected -3.88% first-year return on $84,108 initial cash invested.
-3.88%
Cash On Cash
6.14%
Cap Rate
0.92
DSCR
$3,078
Rent
-$272
Cashflow
Cash Flow
$3,078 income − $3,350 expenses = $272 out of pocket
Investment Breakdown
|
Purchase Price
$315k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,108
Downpayment
20%
$62,960
Closing costs
1%
$3,148
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,078
Total Expenses
$3,350
Mortgage P&I
57%
$1,759
Property Taxes
12%
$373
Home Insurance
4%
$112
HOA
2%
$60
Property Management
12%
$369
CapEx
4%
$123
Vacancy
3%
$92
Maintenance
4%
$123
Other
11%
$339