This property looks like a bad Mid-Term investment with a projected -7.52% first-year return on $83,940 initial cash invested.
-7.52%
Cash On Cash
5.02%
Cap Rate
0.75
DSCR
$2,252
Rent
-$526
Cashflow
Cash Flow
$2,252 income − $2,778 expenses = $526 out of pocket
Investment Breakdown
|
Purchase Price
$314k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,940
Downpayment
20%
$62,800
Closing costs
1%
$3,140
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,252
Total Expenses
$2,778
Mortgage P&I
78%
$1,749
Property Taxes
7%
$153
Home Insurance
5%
$110
HOA
0%
$0
Property Management
12%
$270
CapEx
4%
$90
Vacancy
3%
$68
Maintenance
4%
$90
Other
11%
$248