This property looks like a bad Mid-Term investment with a projected -3.04% first-year return on $83,688 initial cash invested.
-3.04%
Cash On Cash
6.15%
Cap Rate
0.94
DSCR
$2,926
Rent
-$212
Cashflow
Cash Flow
$2,926 income − $3,138 expenses = $212 out of pocket
Investment Breakdown
|
Purchase Price
$313k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,688
Downpayment
20%
$62,560
Closing costs
1%
$3,128
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,926
Total Expenses
$3,138
Mortgage P&I
58%
$1,698
Property Taxes
11%
$333
Home Insurance
4%
$112
HOA
0%
$0
Property Management
12%
$351
CapEx
4%
$117
Vacancy
3%
$88
Maintenance
4%
$117
Other
11%
$322