This property looks like a bad Mid-Term investment with a projected -0.66% first-year return on $84,150 initial cash invested.
-0.66%
Cash On Cash
6.85%
Cap Rate
1.05
DSCR
$3,261
Rent
-$46
Cashflow
Cash Flow
$3,261 income − $3,307 expenses = $46 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
$3,261
Total Expenses
$3,307
Mortgage P&I
53%
$1,714
Property Taxes
12%
$375
Home Insurance
3%
$110
HOA
0%
$0
Property Management
12%
$391
CapEx
4%
$130
Vacancy
3%
$98
Maintenance
4%
$130
Other
11%
$359