This property looks like a bad Mid-Term investment with a projected -3.36% first-year return on $65,038 initial cash invested.
-3.36%
Cash On Cash
6.19%
Cap Rate
0.96
DSCR
$2,864
Rent
-$182
Cashflow
Cash Flow
$2,864 income − $3,046 expenses = $182 out of pocket
Investment Breakdown
|
Purchase Price
$310k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,038
Downpayment
20%
$61,940
Closing costs
1%
$3,097
Rehab
0%
$0
Furnishing
0%
$1
Cashflow
Total Income
$2,864
Total Expenses
$3,046
Mortgage P&I
58%
$1,664
Property Taxes
10%
$299
Home Insurance
4%
$108
HOA
0%
$0
Property Management
12%
$344
CapEx
4%
$115
Vacancy
3%
$86
Maintenance
4%
$115
Other
11%
$315