This property looks like a bad Mid-Term investment with a projected -1.63% first-year return on $83,373 initial cash invested.
-1.63%
Cash On Cash
6.54%
Cap Rate
1
DSCR
$3,010
Rent
-$113
Cashflow
Cash Flow
$3,010 income − $3,123 expenses = $113 out of pocket
Investment Breakdown
|
Purchase Price
$311k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,373
Downpayment
20%
$62,260
Closing costs
1%
$3,113
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,010
Total Expenses
$3,123
Mortgage P&I
56%
$1,690
Property Taxes
10%
$297
Home Insurance
4%
$114
HOA
0%
$0
Property Management
12%
$361
CapEx
4%
$120
Vacancy
3%
$90
Maintenance
4%
$120
Other
11%
$331