This property looks like a bad Mid-Term investment with a projected -17.72% first-year return on $83,100 initial cash invested.
-17.72%
Cash On Cash
1.59%
Cap Rate
0.26
DSCR
$1,203
Rent
-$1,227
Cashflow
Cash Flow
$1,203 income − $2,430 expenses = $1,227 out of pocket
Investment Breakdown
|
Purchase Price
$310k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,100
Downpayment
20%
$62,000
Closing costs
1%
$3,100
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$1,203
Total Expenses
$2,430
Mortgage P&I
132%
$1,590
Property Taxes
27%
$324
Home Insurance
9%
$108
HOA
0%
$0
Property Management
12%
$144
CapEx
4%
$48
Vacancy
3%
$36
Maintenance
4%
$48
Other
11%
$132