This property looks like a bad Mid-Term investment with a projected -1.08% first-year return on $83,667 initial cash invested.
-1.08%
Cash On Cash
6.6%
Cap Rate
1.03
DSCR
$3,084
Rent
-$75
Cashflow
Cash Flow
$3,084 income − $3,159 expenses = $75 out of pocket
Investment Breakdown
|
Purchase Price
$313k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,667
Downpayment
20%
$62,540
Closing costs
1%
$3,127
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,084
Total Expenses
$3,159
Mortgage P&I
54%
$1,671
Property Taxes
11%
$326
Home Insurance
4%
$114
HOA
0%
$0
Property Management
12%
$370
CapEx
4%
$123
Vacancy
3%
$93
Maintenance
4%
$123
Other
11%
$339