This property looks like a bad Mid-Term investment with a projected -2.49% first-year return on $84,234 initial cash invested.
-2.49%
Cash On Cash
5.82%
Cap Rate
0.95
DSCR
$2,336
Rent
-$175
Cashflow
Cash Flow
$2,336 income − $2,511 expenses = $175 out of pocket
Investment Breakdown
|
Purchase Price
$315k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,234
Downpayment
20%
$63,080
Closing costs
1%
$3,154
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,336
Total Expenses
$2,511
Mortgage P&I
69%
$1,612
Property Taxes
0%
$1
Home Insurance
4%
$105
HOA
0%
$0
Property Management
12%
$280
CapEx
4%
$93
Vacancy
3%
$70
Maintenance
4%
$93
Other
11%
$257