This property looks like a bad Mid-Term investment with a projected -8.43% first-year return on $83,100 initial cash invested.
-8.43%
Cash On Cash
4.54%
Cap Rate
0.7
DSCR
$2,108
Rent
-$584
Cashflow
Cash Flow
$2,108 income − $2,692 expenses = $584 out of pocket
Investment Breakdown
|
Purchase Price
$310k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,108
Total Expenses
$2,692
Mortgage P&I
79%
$1,674
Property Taxes
9%
$194
Home Insurance
5%
$108
HOA
0%
$0
Property Management
12%
$253
CapEx
4%
$84
Vacancy
3%
$63
Maintenance
4%
$84
Other
11%
$232