This property looks like a bad Mid-Term investment with a projected -4.75% first-year return on $83,100 initial cash invested.
-4.75%
Cash On Cash
5.63%
Cap Rate
0.86
DSCR
$2,442
Rent
-$329
Cashflow
Cash Flow
$2,442 income − $2,771 expenses = $329 out of pocket
Investment Breakdown
|
Purchase Price
$310k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,100
Downpayment
20%
$62,000
Closing costs
1%
$3,100
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,442
Total Expenses
$2,771
Mortgage P&I
69%
$1,685
Property Taxes
6%
$147
Home Insurance
4%
$108
HOA
0%
$0
Property Management
12%
$293
CapEx
4%
$98
Vacancy
3%
$73
Maintenance
4%
$98
Other
11%
$269