This property looks like a bad Mid-Term investment with a projected -3.93% first-year return on $84,213 initial cash invested.
-3.93%
Cash On Cash
5.91%
Cap Rate
0.91
DSCR
$2,889
Rent
-$276
Cashflow
Cash Flow
$2,889 income − $3,165 expenses = $276 out of pocket
Investment Breakdown
|
Purchase Price
$315k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,213
Downpayment
20%
$63,060
Closing costs
1%
$3,153
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,889
Total Expenses
$3,165
Mortgage P&I
59%
$1,713
Property Taxes
12%
$356
Home Insurance
4%
$112
HOA
0%
$0
Property Management
12%
$347
CapEx
4%
$116
Vacancy
3%
$87
Maintenance
4%
$116
Other
11%
$318