This property looks like a bad Mid-Term investment with a projected -6.87% first-year return on $84,150 initial cash invested.
-6.87%
Cash On Cash
5.12%
Cap Rate
0.79
DSCR
$2,864
Rent
-$482
Cashflow
Cash Flow
$2,864 income − $3,346 expenses = $482 out of pocket
Investment Breakdown
|
Purchase Price
$315k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,150
Downpayment
20%
$63,000
Closing costs
1%
$3,150
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,864
Total Expenses
$3,346
Mortgage P&I
60%
$1,712
Property Taxes
19%
$549
Home Insurance
4%
$110
HOA
0%
$0
Property Management
12%
$344
CapEx
4%
$115
Vacancy
3%
$86
Maintenance
4%
$115
Other
11%
$315