This property looks like a bad Mid-Term investment with a projected -3.26% first-year return on $83,268 initial cash invested.
-3.26%
Cash On Cash
6.16%
Cap Rate
0.93
DSCR
$2,710
Rent
-$226
Cashflow
Cash Flow
$2,710 income − $2,936 expenses = $226 out of pocket
Investment Breakdown
|
Purchase Price
$311k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,268
Downpayment
20%
$62,160
Closing costs
1%
$3,108
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,710
Total Expenses
$2,936
Mortgage P&I
63%
$1,713
Property Taxes
4%
$102
Home Insurance
4%
$109
HOA
3%
$92
Property Management
12%
$325
CapEx
4%
$108
Vacancy
3%
$81
Maintenance
4%
$108
Other
11%
$298