This property looks like a bad Mid-Term investment with a projected -2.57% first-year return on $84,150 initial cash invested.
-2.57%
Cash On Cash
6.55%
Cap Rate
0.97
DSCR
$3,234
Rent
-$180
Cashflow
Cash Flow
$3,234 income − $3,414 expenses = $180 out of pocket
Investment Breakdown
|
Purchase Price
$315k
Downpayment
20.0%
Interest Rate
7.5%
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
$3,234
Total Expenses
$3,414
Mortgage P&I
55%
$1,771
Property Taxes
12%
$401
Home Insurance
3%
$110
HOA
1%
$33
Property Management
12%
$388
CapEx
4%
$129
Vacancy
3%
$97
Maintenance
4%
$129
Other
11%
$356