This property looks like a bad Mid-Term investment with a projected -3.35% first-year return on $84,129 initial cash invested.
-3.35%
Cash On Cash
6.07%
Cap Rate
0.93
DSCR
$3,032
Rent
-$235
Cashflow
Cash Flow
$3,032 income − $3,267 expenses = $235 out of pocket
Investment Breakdown
|
Purchase Price
$315k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,129
Downpayment
20%
$62,980
Closing costs
1%
$3,149
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,032
Total Expenses
$3,267
Mortgage P&I
56%
$1,706
Property Taxes
14%
$416
Home Insurance
4%
$114
HOA
0%
$0
Property Management
12%
$364
CapEx
4%
$121
Vacancy
3%
$91
Maintenance
4%
$121
Other
11%
$334