This property looks like a bad Mid-Term investment with a projected -2.84% first-year return on $83,100 initial cash invested.
-2.84%
Cash On Cash
6.39%
Cap Rate
0.95
DSCR
$2,860
Rent
-$197
Cashflow
Cash Flow
$2,860 income − $3,057 expenses = $197 out of pocket
Investment Breakdown
|
Purchase Price
$310k
Downpayment
20.0%
Interest Rate
7.5%
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
$2,860
Total Expenses
$3,057
Mortgage P&I
61%
$1,733
Property Taxes
9%
$244
Home Insurance
4%
$108
HOA
0%
$0
Property Management
12%
$343
CapEx
4%
$114
Vacancy
3%
$86
Maintenance
4%
$114
Other
11%
$315