This property looks like a bad Mid-Term investment with a projected -2.48% first-year return on $84,150 initial cash invested.
-2.48%
Cash On Cash
6.27%
Cap Rate
0.96
DSCR
$2,658
Rent
-$174
Cashflow
Cash Flow
$2,658 income − $2,832 expenses = $174 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
$2,658
Total Expenses
$2,832
Mortgage P&I
64%
$1,713
Property Taxes
4%
$106
Home Insurance
4%
$110
HOA
0%
$0
Property Management
12%
$319
CapEx
4%
$106
Vacancy
3%
$80
Maintenance
4%
$106
Other
11%
$292