This property looks like a bad Mid-Term investment with a projected -6.49% first-year return on $83,562 initial cash invested.
-6.49%
Cash On Cash
5.02%
Cap Rate
0.79
DSCR
$2,438
Rent
-$452
Cashflow
Cash Flow
$2,438 income − $2,890 expenses = $452 out of pocket
Investment Breakdown
|
Purchase Price
$312k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,562
Downpayment
20%
$62,440
Closing costs
1%
$3,122
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,438
Total Expenses
$2,890
Mortgage P&I
68%
$1,661
Property Taxes
11%
$269
Home Insurance
5%
$130
HOA
0%
$0
Property Management
12%
$293
CapEx
4%
$98
Vacancy
3%
$73
Maintenance
4%
$98
Other
11%
$268