This property looks like a bad Mid-Term investment with a projected -1.79% first-year return on $82,995 initial cash invested.
-1.79%
Cash On Cash
6.49%
Cap Rate
0.99
DSCR
$2,638
Rent
-$124
Cashflow
Cash Flow
$2,638 income − $2,762 expenses = $124 out of pocket
Investment Breakdown
|
Purchase Price
$310k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,995
Downpayment
20%
$61,900
Closing costs
1%
$3,095
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,638
Total Expenses
$2,762
Mortgage P&I
64%
$1,691
Property Taxes
2%
$65
Home Insurance
4%
$108
HOA
0%
$0
Property Management
12%
$317
CapEx
4%
$106
Vacancy
3%
$79
Maintenance
4%
$106
Other
11%
$290