This property looks like a bad Mid-Term investment with a projected -1.87% first-year return on $83,415 initial cash invested.
-1.87%
Cash On Cash
6.13%
Cap Rate
0.99
DSCR
$2,824
Rent
-$130
Cashflow
Cash Flow
$2,824 income − $2,954 expenses = $130 out of pocket
Investment Breakdown
|
Purchase Price
$312k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,415
Downpayment
20%
$62,300
Closing costs
1%
$3,115
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,824
Total Expenses
$2,954
Mortgage P&I
57%
$1,609
Property Taxes
10%
$270
Home Insurance
4%
$114
HOA
0%
$0
Property Management
12%
$339
CapEx
4%
$113
Vacancy
3%
$85
Maintenance
4%
$113
Other
11%
$311