This property looks like a bad Mid-Term investment with a projected -12.31% first-year return on $84,150 initial cash invested.
-12.31%
Cash On Cash
3.5%
Cap Rate
0.54
DSCR
$1,935
Rent
-$863
Cashflow
Cash Flow
$1,935 income − $2,798 expenses = $863 out of pocket
Investment Breakdown
|
Purchase Price
$315k
Downpayment
20.0%
Interest Rate
7.2%
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
$1,935
Total Expenses
$2,798
Mortgage P&I
88%
$1,705
Property Taxes
17%
$326
Home Insurance
6%
$110
HOA
0%
$0
Property Management
12%
$232
CapEx
4%
$77
Vacancy
3%
$58
Maintenance
4%
$77
Other
11%
$213