This property looks like a bad Mid-Term investment with a projected -1.9% first-year return on $84,129 initial cash invested.
-1.9%
Cash On Cash
6.5%
Cap Rate
0.99
DSCR
$2,811
Rent
-$133
Cashflow
Cash Flow
$2,811 income − $2,944 expenses = $133 out of pocket
Investment Breakdown
|
Purchase Price
$315k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,129
Downpayment
20%
$62,980
Closing costs
1%
$3,149
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,811
Total Expenses
$2,944
Mortgage P&I
61%
$1,726
Property Taxes
5%
$154
Home Insurance
4%
$110
HOA
0%
$0
Property Management
12%
$337
CapEx
4%
$112
Vacancy
3%
$84
Maintenance
4%
$112
Other
11%
$309