This property looks like a bad Mid-Term investment with a projected -4.18% first-year return on $83,520 initial cash invested.
-4.18%
Cash On Cash
5.87%
Cap Rate
0.9
DSCR
$3,200
Rent
-$291
Cashflow
Cash Flow
$3,200 income − $3,491 expenses = $291 out of pocket
Investment Breakdown
|
Purchase Price
$312k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,520
Downpayment
20%
$62,400
Closing costs
1%
$3,120
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,200
Total Expenses
$3,491
Mortgage P&I
53%
$1,688
Property Taxes
19%
$605
Home Insurance
3%
$110
HOA
0%
$0
Property Management
12%
$384
CapEx
4%
$128
Vacancy
3%
$96
Maintenance
4%
$128
Other
11%
$352