This property looks like a bad Mid-Term investment with a projected -2.18% first-year return on $83,625 initial cash invested.
-2.18%
Cash On Cash
6.29%
Cap Rate
0.98
DSCR
$3,122
Rent
-$152
Cashflow
Cash Flow
$3,122 income − $3,274 expenses = $152 out of pocket
Investment Breakdown
|
Purchase Price
$313k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,625
Downpayment
20%
$62,500
Closing costs
1%
$3,125
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,122
Total Expenses
$3,274
Mortgage P&I
53%
$1,665
Property Taxes
14%
$437
Home Insurance
4%
$110
HOA
0%
$0
Property Management
12%
$375
CapEx
4%
$125
Vacancy
3%
$94
Maintenance
4%
$125
Other
11%
$343