This property looks like a bad Mid-Term investment with a projected -4.48% first-year return on $83,793 initial cash invested.
-4.48%
Cash On Cash
5.63%
Cap Rate
0.88
DSCR
$2,672
Rent
-$313
Cashflow
Cash Flow
$2,672 income − $2,985 expenses = $313 out of pocket
Investment Breakdown
|
Purchase Price
$313k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,793
Downpayment
20%
$62,660
Closing costs
1%
$3,133
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,672
Total Expenses
$2,985
Mortgage P&I
63%
$1,677
Property Taxes
11%
$289
Home Insurance
4%
$110
HOA
0%
$0
Property Management
12%
$321
CapEx
4%
$107
Vacancy
3%
$80
Maintenance
4%
$107
Other
11%
$294