This property looks like a bad Mid-Term investment with a projected -0.04% first-year return on $83,583 initial cash invested.
-0.04%
Cash On Cash
6.84%
Cap Rate
1.08
DSCR
$3,440
Rent
-$3
Cashflow
Cash Flow
$3,440 income − $3,443 expenses = $3 out of pocket
Investment Breakdown
|
Purchase Price
$312k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,583
Downpayment
20%
$62,460
Closing costs
1%
$3,123
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,440
Total Expenses
$3,443
Mortgage P&I
48%
$1,645
Property Taxes
15%
$516
Home Insurance
3%
$112
HOA
0%
$0
Property Management
12%
$413
CapEx
4%
$138
Vacancy
3%
$103
Maintenance
4%
$138
Other
11%
$378