This property looks like a bad Mid-Term investment with a projected -3.56% first-year return on $83,499 initial cash invested.
-3.56%
Cash On Cash
5.73%
Cap Rate
0.91
DSCR
$2,714
Rent
-$248
Cashflow
Cash Flow
$2,714 income − $2,962 expenses = $248 out of pocket
Investment Breakdown
|
Purchase Price
$312k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,499
Downpayment
20%
$62,380
Closing costs
1%
$3,119
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,714
Total Expenses
$2,962
Mortgage P&I
60%
$1,629
Property Taxes
11%
$293
Home Insurance
4%
$116
HOA
0%
$0
Property Management
12%
$326
CapEx
4%
$109
Vacancy
3%
$81
Maintenance
4%
$109
Other
11%
$299