This property looks like a bad Mid-Term investment with a projected -2.94% first-year return on $84,171 initial cash invested.
-2.94%
Cash On Cash
6.18%
Cap Rate
0.95
DSCR
$3,033
Rent
-$206
Cashflow
Cash Flow
$3,033 income − $3,239 expenses = $206 out of pocket
Investment Breakdown
|
Purchase Price
$315k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,171
Downpayment
20%
$63,020
Closing costs
1%
$3,151
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,033
Total Expenses
$3,239
Mortgage P&I
56%
$1,707
Property Taxes
13%
$389
Home Insurance
4%
$112
HOA
0%
$0
Property Management
12%
$364
CapEx
4%
$121
Vacancy
3%
$91
Maintenance
4%
$121
Other
11%
$334