This property looks like a bad Mid-Term investment with a projected -4.25% first-year return on $83,100 initial cash invested.
-4.25%
Cash On Cash
5.48%
Cap Rate
0.88
DSCR
$2,397
Rent
-$294
Cashflow
Cash Flow
$2,397 income − $2,691 expenses = $294 out of pocket
Investment Breakdown
|
Purchase Price
$310k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,100
Downpayment
20%
$62,000
Closing costs
1%
$3,100
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,397
Total Expenses
$2,691
Mortgage P&I
67%
$1,614
Property Taxes
6%
$153
Home Insurance
5%
$108
HOA
0%
$0
Property Management
12%
$288
CapEx
4%
$96
Vacancy
3%
$72
Maintenance
4%
$96
Other
11%
$264