This property looks like a bad Mid-Term investment with a projected -8.03% first-year return on $84,129 initial cash invested.
-8.03%
Cash On Cash
4.8%
Cap Rate
0.73
DSCR
$2,532
Rent
-$563
Cashflow
Cash Flow
$2,532 income − $3,095 expenses = $563 out of pocket
Investment Breakdown
|
Purchase Price
$315k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,532
Total Expenses
$3,095
Mortgage P&I
68%
$1,722
Property Taxes
16%
$402
Home Insurance
4%
$110
HOA
0%
$0
Property Management
12%
$304
CapEx
4%
$101
Vacancy
3%
$76
Maintenance
4%
$101
Other
11%
$279