This property looks like a bad Mid-Term investment with a projected -1.53% first-year return on $84,150 initial cash invested.
-1.53%
Cash On Cash
6.32%
Cap Rate
1.01
DSCR
$2,930
Rent
-$107
Cashflow
Cash Flow
$2,930 income − $3,037 expenses = $107 out of pocket
Investment Breakdown
|
Purchase Price
$315k
Downpayment
20.0%
Interest Rate
6.8%
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
$2,930
Total Expenses
$3,037
Mortgage P&I
56%
$1,650
Property Taxes
10%
$281
Home Insurance
4%
$110
HOA
0%
$0
Property Management
12%
$352
CapEx
4%
$117
Vacancy
3%
$88
Maintenance
4%
$117
Other
11%
$322