This property looks like a bad Mid-Term investment with a projected -2.04% first-year return on $83,079 initial cash invested.
-2.04%
Cash On Cash
6.45%
Cap Rate
0.98
DSCR
$2,738
Rent
-$141
Cashflow
Cash Flow
$2,738 income − $2,879 expenses = $141 out of pocket
Investment Breakdown
|
Purchase Price
$310k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,079
Downpayment
20%
$61,980
Closing costs
1%
$3,099
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,738
Total Expenses
$2,879
Mortgage P&I
62%
$1,698
Property Taxes
5%
$139
Home Insurance
4%
$110
HOA
0%
$0
Property Management
12%
$329
CapEx
4%
$110
Vacancy
3%
$82
Maintenance
4%
$110
Other
11%
$301