This property looks like a bad Mid-Term investment with a projected -3.21% first-year return on $84,129 initial cash invested.
-3.21%
Cash On Cash
5.64%
Cap Rate
0.92
DSCR
$2,415
Rent
-$225
Cashflow
Cash Flow
$2,415 income − $2,640 expenses = $225 out of pocket
Investment Breakdown
|
Purchase Price
$315k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,129
Downpayment
20%
$62,980
Closing costs
1%
$3,149
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,415
Total Expenses
$2,640
Mortgage P&I
67%
$1,607
Property Taxes
4%
$101
Home Insurance
5%
$110
HOA
0%
$0
Property Management
12%
$290
CapEx
4%
$97
Vacancy
3%
$72
Maintenance
4%
$97
Other
11%
$266