This property looks like a bad Mid-Term investment with a projected -2.39% first-year return on $83,499 initial cash invested.
-2.39%
Cash On Cash
6.34%
Cap Rate
0.97
DSCR
$2,922
Rent
-$166
Cashflow
Cash Flow
$2,922 income − $3,088 expenses = $166 out of pocket
Investment Breakdown
|
Purchase Price
$312k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,499
Downpayment
20%
$62,380
Closing costs
1%
$3,119
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,922
Total Expenses
$3,088
Mortgage P&I
58%
$1,697
Property Taxes
10%
$284
Home Insurance
4%
$113
HOA
0%
$0
Property Management
12%
$351
CapEx
4%
$117
Vacancy
3%
$88
Maintenance
4%
$117
Other
11%
$321