This property looks like a bad Mid-Term investment with a projected -1.68% first-year return on $83,646 initial cash invested.
-1.68%
Cash On Cash
6.49%
Cap Rate
1.01
DSCR
$3,160
Rent
-$117
Cashflow
Cash Flow
$3,160 income − $3,277 expenses = $117 out of pocket
Investment Breakdown
|
Purchase Price
$313k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,646
Downpayment
20%
$62,520
Closing costs
1%
$3,126
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,160
Total Expenses
$3,277
Mortgage P&I
53%
$1,682
Property Taxes
13%
$395
Home Insurance
4%
$126
HOA
0%
$0
Property Management
12%
$379
CapEx
4%
$126
Vacancy
3%
$95
Maintenance
4%
$126
Other
11%
$348