This property looks like a bad Mid-Term investment with a projected -2.81% first-year return on $84,129 initial cash invested.
-2.81%
Cash On Cash
6.46%
Cap Rate
0.96
DSCR
$3,248
Rent
-$197
Cashflow
Cash Flow
$3,248 income − $3,445 expenses = $197 out of pocket
Investment Breakdown
|
Purchase Price
$315k
Downpayment
20.0%
Interest Rate
7.5%
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
$3,248
Total Expenses
$3,445
Mortgage P&I
54%
$1,761
Property Taxes
14%
$470
Home Insurance
3%
$110
HOA
0%
$0
Property Management
12%
$390
CapEx
4%
$130
Vacancy
3%
$97
Maintenance
4%
$130
Other
11%
$357