This property looks like a bad Mid-Term investment with a projected -6.25% first-year return on $83,940 initial cash invested.
-6.25%
Cash On Cash
5.11%
Cap Rate
0.8
DSCR
$2,702
Rent
-$437
Cashflow
Cash Flow
$2,702 income − $3,139 expenses = $437 out of pocket
Investment Breakdown
|
Purchase Price
$314k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,940
Downpayment
20%
$62,800
Closing costs
1%
$3,140
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,702
Total Expenses
$3,139
Mortgage P&I
62%
$1,665
Property Taxes
17%
$446
Home Insurance
4%
$110
HOA
0%
$0
Property Management
12%
$324
CapEx
4%
$108
Vacancy
3%
$81
Maintenance
4%
$108
Other
11%
$297