This property looks like a bad Mid-Term investment with a projected -2.99% first-year return on $83,751 initial cash invested.
-2.99%
Cash On Cash
6.21%
Cap Rate
0.95
DSCR
$2,864
Rent
-$209
Cashflow
Cash Flow
$2,864 income − $3,073 expenses = $209 out of pocket
Investment Breakdown
|
Purchase Price
$313k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,751
Downpayment
20%
$62,620
Closing costs
1%
$3,131
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,864
Total Expenses
$3,073
Mortgage P&I
60%
$1,715
Property Taxes
9%
$271
Home Insurance
4%
$112
HOA
0%
$0
Property Management
12%
$344
CapEx
4%
$115
Vacancy
3%
$86
Maintenance
4%
$115
Other
11%
$315