This property looks like a bad Mid-Term investment with a projected -3.06% first-year return on $83,436 initial cash invested.
-3.06%
Cash On Cash
6.3%
Cap Rate
0.95
DSCR
$3,099
Rent
-$213
Cashflow
Cash Flow
$3,099 income − $3,312 expenses = $213 out of pocket
Investment Breakdown
|
Purchase Price
$312k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,436
Downpayment
20%
$62,320
Closing costs
1%
$3,116
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,099
Total Expenses
$3,312
Mortgage P&I
56%
$1,724
Property Taxes
14%
$420
Home Insurance
4%
$114
HOA
0%
$0
Property Management
12%
$372
CapEx
4%
$124
Vacancy
3%
$93
Maintenance
4%
$124
Other
11%
$341