This property looks like a bad Mid-Term investment with a projected -0.27% first-year return on $83,226 initial cash invested.
-0.27%
Cash On Cash
6.97%
Cap Rate
1.07
DSCR
$3,494
Rent
-$19
Cashflow
Cash Flow
$3,494 income − $3,513 expenses = $19 out of pocket
Investment Breakdown
|
Purchase Price
$311k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,226
Downpayment
20%
$62,120
Closing costs
1%
$3,106
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,494
Total Expenses
$3,513
Mortgage P&I
48%
$1,683
Property Taxes
15%
$534
Home Insurance
3%
$108
HOA
0%
$0
Property Management
12%
$419
CapEx
4%
$140
Vacancy
3%
$105
Maintenance
4%
$140
Other
11%
$384