This property looks like a bad Mid-Term investment with a projected -1.48% first-year return on $84,150 initial cash invested.
-1.48%
Cash On Cash
6.13%
Cap Rate
1
DSCR
$2,794
Rent
-$104
Cashflow
Cash Flow
$2,794 income − $2,898 expenses = $104 out of pocket
Investment Breakdown
|
Purchase Price
$315k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,150
Downpayment
20%
$63,000
Closing costs
1%
$3,150
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,794
Total Expenses
$2,898
Mortgage P&I
57%
$1,600
Property Taxes
9%
$238
Home Insurance
4%
$110
HOA
0%
$0
Property Management
12%
$335
CapEx
4%
$112
Vacancy
3%
$84
Maintenance
4%
$112
Other
11%
$307