This property looks like a bad Mid-Term investment with a projected -1.24% first-year return on $83,352 initial cash invested.
-1.24%
Cash On Cash
6.81%
Cap Rate
1.03
DSCR
$3,274
Rent
-$86
Cashflow
Cash Flow
$3,274 income − $3,360 expenses = $86 out of pocket
Investment Breakdown
|
Purchase Price
$311k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,352
Downpayment
20%
$62,240
Closing costs
1%
$3,112
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,274
Total Expenses
$3,360
Mortgage P&I
53%
$1,722
Property Taxes
13%
$413
Home Insurance
3%
$112
HOA
0%
$0
Property Management
12%
$393
CapEx
4%
$131
Vacancy
3%
$98
Maintenance
4%
$131
Other
11%
$360