This property looks like a bad Mid-Term investment with a projected -0.93% first-year return on $83,793 initial cash invested.
-0.93%
Cash On Cash
6.8%
Cap Rate
1.03
DSCR
$3,132
Rent
-$65
Cashflow
Cash Flow
$3,132 income − $3,197 expenses = $65 out of pocket
Investment Breakdown
|
Purchase Price
$313k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,793
Downpayment
20%
$62,660
Closing costs
1%
$3,133
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,132
Total Expenses
$3,197
Mortgage P&I
55%
$1,715
Property Taxes
10%
$307
Home Insurance
4%
$110
HOA
0%
$0
Property Management
12%
$376
CapEx
4%
$125
Vacancy
3%
$94
Maintenance
4%
$125
Other
11%
$345