This property looks like a bad Mid-Term investment with a projected -5.92% first-year return on $84,129 initial cash invested.
-5.92%
Cash On Cash
5.32%
Cap Rate
0.82
DSCR
$2,505
Rent
-$415
Cashflow
Cash Flow
$2,505 income − $2,920 expenses = $415 out of pocket
Investment Breakdown
|
Purchase Price
$315k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,129
Downpayment
20%
$62,980
Closing costs
1%
$3,149
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,505
Total Expenses
$2,920
Mortgage P&I
68%
$1,712
Property Taxes
10%
$244
Home Insurance
4%
$112
HOA
0%
$0
Property Management
12%
$301
CapEx
4%
$100
Vacancy
3%
$75
Maintenance
4%
$100
Other
11%
$276