This property looks like a bad Mid-Term investment with a projected -3.36% first-year return on $83,121 initial cash invested.
-3.36%
Cash On Cash
6.26%
Cap Rate
0.93
DSCR
$2,883
Rent
-$233
Cashflow
Cash Flow
$2,883 income − $3,116 expenses = $233 out of pocket
Investment Breakdown
|
Purchase Price
$310k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,121
Downpayment
20%
$62,020
Closing costs
1%
$3,101
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,883
Total Expenses
$3,116
Mortgage P&I
60%
$1,735
Property Taxes
10%
$290
Home Insurance
4%
$112
HOA
0%
$0
Property Management
12%
$346
CapEx
4%
$115
Vacancy
3%
$86
Maintenance
4%
$115
Other
11%
$317