This property looks like a bad Mid-Term investment with a projected -6.2% first-year return on $84,150 initial cash invested.
-6.2%
Cash On Cash
5.26%
Cap Rate
0.8
DSCR
$2,242
Rent
-$435
Cashflow
Cash Flow
$2,242 income − $2,677 expenses = $435 out of pocket
Investment Breakdown
|
Purchase Price
$315k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,150
Downpayment
20%
$63,000
Closing costs
1%
$3,150
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,242
Total Expenses
$2,677
Mortgage P&I
77%
$1,726
Property Taxes
3%
$78
Home Insurance
5%
$110
HOA
0%
$0
Property Management
12%
$269
CapEx
4%
$90
Vacancy
3%
$67
Maintenance
4%
$90
Other
11%
$247