This property looks like a bad Mid-Term investment with a projected -0.13% first-year return on $83,394 initial cash invested.
-0.13%
Cash On Cash
6.9%
Cap Rate
1.07
DSCR
$3,116
Rent
-$9
Cashflow
Cash Flow
$3,116 income − $3,125 expenses = $9 out of pocket
Investment Breakdown
|
Purchase Price
$311k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,394
Downpayment
20%
$62,280
Closing costs
1%
$3,114
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,116
Total Expenses
$3,125
Mortgage P&I
54%
$1,675
Property Taxes
9%
$285
Home Insurance
3%
$105
HOA
0%
$0
Property Management
12%
$374
CapEx
4%
$125
Vacancy
3%
$93
Maintenance
4%
$125
Other
11%
$343