This property looks like a bad Mid-Term investment with a projected -2.79% first-year return on $82,995 initial cash invested.
-2.79%
Cash On Cash
5.83%
Cap Rate
0.95
DSCR
$3,018
Rent
-$193
Cashflow
Cash Flow
$3,018 income − $3,211 expenses = $193 out of pocket
Investment Breakdown
|
Purchase Price
$310k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,995
Downpayment
20%
$61,900
Closing costs
1%
$3,095
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,018
Total Expenses
$3,211
Mortgage P&I
52%
$1,576
Property Taxes
15%
$464
Home Insurance
4%
$119
HOA
1%
$25
Property Management
12%
$362
CapEx
4%
$121
Vacancy
3%
$91
Maintenance
4%
$121
Other
11%
$332