This property looks like a bad Mid-Term investment with a projected -4.05% first-year return on $84,234 initial cash invested.
-4.05%
Cash On Cash
5.88%
Cap Rate
0.9
DSCR
$2,818
Rent
-$284
Cashflow
Cash Flow
$2,818 income − $3,102 expenses = $284 out of pocket
Investment Breakdown
|
Purchase Price
$315k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,818
Total Expenses
$3,102
Mortgage P&I
61%
$1,717
Property Taxes
11%
$312
Home Insurance
4%
$114
HOA
0%
$0
Property Management
12%
$338
CapEx
4%
$113
Vacancy
3%
$85
Maintenance
4%
$113
Other
11%
$310