This property looks like a bad Mid-Term investment with a projected -9.33% first-year return on $83,247 initial cash invested.
-9.33%
Cash On Cash
4.45%
Cap Rate
0.68
DSCR
$2,492
Rent
-$647
Cashflow
Cash Flow
$2,492 income − $3,139 expenses = $647 out of pocket
Investment Breakdown
|
Purchase Price
$311k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,247
Downpayment
20%
$62,140
Closing costs
1%
$3,107
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,492
Total Expenses
$3,139
Mortgage P&I
68%
$1,699
Property Taxes
19%
$482
Home Insurance
4%
$110
HOA
0%
$0
Property Management
12%
$299
CapEx
4%
$100
Vacancy
3%
$75
Maintenance
4%
$100
Other
11%
$274