This property looks like a bad Mid-Term investment with a projected -2.34% first-year return on $84,150 initial cash invested.
-2.34%
Cash On Cash
6.41%
Cap Rate
0.97
DSCR
$2,780
Rent
-$164
Cashflow
Cash Flow
$2,780 income − $2,944 expenses = $164 out of pocket
Investment Breakdown
|
Purchase Price
$315k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,150
Downpayment
20%
$63,000
Closing costs
1%
$3,150
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,780
Total Expenses
$2,944
Mortgage P&I
62%
$1,735
Property Taxes
6%
$154
Home Insurance
4%
$110
HOA
0%
$0
Property Management
12%
$334
CapEx
4%
$111
Vacancy
3%
$83
Maintenance
4%
$111
Other
11%
$306