This property looks like a bad Mid-Term investment with a projected -0.52% first-year return on $83,100 initial cash invested.
-0.52%
Cash On Cash
6.89%
Cap Rate
1.05
DSCR
$2,868
Rent
-$36
Cashflow
Cash Flow
$2,868 income − $2,904 expenses = $36 out of pocket
Investment Breakdown
|
Purchase Price
$310k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,868
Total Expenses
$2,904
Mortgage P&I
59%
$1,701
Property Taxes
4%
$120
Home Insurance
4%
$108
HOA
0%
$0
Property Management
12%
$344
CapEx
4%
$115
Vacancy
3%
$86
Maintenance
4%
$115
Other
11%
$315