This property looks like a bad Mid-Term investment with a projected -1.23% first-year return on $84,108 initial cash invested.
-1.23%
Cash On Cash
6.59%
Cap Rate
1.02
DSCR
$3,120
Rent
-$86
Cashflow
Cash Flow
$3,120 income − $3,206 expenses = $86 out of pocket
Investment Breakdown
|
Purchase Price
$315k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,108
Downpayment
20%
$62,960
Closing costs
1%
$3,148
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,120
Total Expenses
$3,206
Mortgage P&I
54%
$1,691
Property Taxes
9%
$292
Home Insurance
4%
$121
HOA
1%
$41
Property Management
12%
$374
CapEx
4%
$125
Vacancy
3%
$94
Maintenance
4%
$125
Other
11%
$343