This property looks like a bad Mid-Term investment with a projected -2.77% first-year return on $83,079 initial cash invested.
-2.77%
Cash On Cash
6.09%
Cap Rate
0.95
DSCR
$2,841
Rent
-$192
Cashflow
Cash Flow
$2,841 income − $3,033 expenses = $192 out of pocket
Investment Breakdown
|
Purchase Price
$310k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,079
Downpayment
20%
$61,980
Closing costs
1%
$3,099
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,841
Total Expenses
$3,033
Mortgage P&I
58%
$1,651
Property Taxes
11%
$307
Home Insurance
4%
$108
HOA
0%
$0
Property Management
12%
$341
CapEx
4%
$114
Vacancy
3%
$85
Maintenance
4%
$114
Other
11%
$313