This property looks like a bad Mid-Term investment with a projected -3.86% first-year return on $83,373 initial cash invested.
-3.86%
Cash On Cash
5.52%
Cap Rate
0.89
DSCR
$2,391
Rent
-$268
Cashflow
Cash Flow
$2,391 income − $2,659 expenses = $268 out of pocket
Investment Breakdown
|
Purchase Price
$311k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,373
Downpayment
20%
$62,260
Closing costs
1%
$3,113
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,391
Total Expenses
$2,659
Mortgage P&I
67%
$1,603
Property Taxes
5%
$130
Home Insurance
5%
$112
HOA
0%
$0
Property Management
12%
$287
CapEx
4%
$96
Vacancy
3%
$72
Maintenance
4%
$96
Other
11%
$263