This property looks like a bad Mid-Term investment with a projected -2.6% first-year return on $83,100 initial cash invested.
-2.6%
Cash On Cash
6.32%
Cap Rate
0.96
DSCR
$2,728
Rent
-$180
Cashflow
Cash Flow
$2,728 income − $2,908 expenses = $180 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
$2,728
Total Expenses
$2,908
Mortgage P&I
62%
$1,704
Property Taxes
6%
$167
Home Insurance
4%
$110
HOA
0%
$0
Property Management
12%
$327
CapEx
4%
$109
Vacancy
3%
$82
Maintenance
4%
$109
Other
11%
$300