This property looks like a bad Mid-Term investment with a projected -4.84% first-year return on $84,066 initial cash invested.
-4.84%
Cash On Cash
5.52%
Cap Rate
0.86
DSCR
$2,792
Rent
-$339
Cashflow
Cash Flow
$2,792 income − $3,131 expenses = $339 out of pocket
Investment Breakdown
|
Purchase Price
$315k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,066
Downpayment
20%
$62,920
Closing costs
1%
$3,146
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,792
Total Expenses
$3,131
Mortgage P&I
60%
$1,674
Property Taxes
14%
$395
Home Insurance
4%
$112
HOA
0%
$0
Property Management
12%
$335
CapEx
4%
$112
Vacancy
3%
$84
Maintenance
4%
$112
Other
11%
$307