This property looks like a bad Mid-Term investment with a projected -0.42% first-year return on $83,268 initial cash invested.
-0.42%
Cash On Cash
6.92%
Cap Rate
1.07
DSCR
$3,480
Rent
-$29
Cashflow
Cash Flow
$3,480 income − $3,509 expenses = $29 out of pocket
Investment Breakdown
|
Purchase Price
$311k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,268
Downpayment
20%
$62,160
Closing costs
1%
$3,108
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,480
Total Expenses
$3,509
Mortgage P&I
48%
$1,682
Property Taxes
14%
$479
Home Insurance
3%
$110
HOA
2%
$55
Property Management
12%
$418
CapEx
4%
$139
Vacancy
3%
$104
Maintenance
4%
$139
Other
11%
$383