This property looks like a bad Mid-Term investment with a projected -2.18% first-year return on $84,150 initial cash invested.
-2.18%
Cash On Cash
6.5%
Cap Rate
0.99
DSCR
$3,378
Rent
-$153
Cashflow
Cash Flow
$3,378 income − $3,531 expenses = $153 out of pocket
Investment Breakdown
|
Purchase Price
$315k
Downpayment
20.0%
Interest Rate
7.3%
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
$3,378
Total Expenses
$3,531
Mortgage P&I
51%
$1,725
Property Taxes
16%
$548
Home Insurance
3%
$110
HOA
0%
$0
Property Management
12%
$405
CapEx
4%
$135
Vacancy
3%
$101
Maintenance
4%
$135
Other
11%
$372