This property looks like a bad Mid-Term investment with a projected -5.59% first-year return on $83,100 initial cash invested.
-5.59%
Cash On Cash
5.52%
Cap Rate
0.83
DSCR
$2,386
Rent
-$387
Cashflow
Cash Flow
$2,386 income − $2,773 expenses = $387 out of pocket
Investment Breakdown
|
Purchase Price
$310k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,100
Downpayment
20%
$62,000
Closing costs
1%
$3,100
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,386
Total Expenses
$2,773
Mortgage P&I
72%
$1,718
Property Taxes
6%
$137
Home Insurance
5%
$108
HOA
0%
$0
Property Management
12%
$286
CapEx
4%
$95
Vacancy
3%
$72
Maintenance
4%
$95
Other
11%
$262