This property looks like a bad Mid-Term investment with a projected -11.59% first-year return on $83,478 initial cash invested.
-11.59%
Cash On Cash
3.79%
Cap Rate
0.58
DSCR
$1,983
Rent
-$806
Cashflow
Cash Flow
$1,983 income − $2,789 expenses = $806 out of pocket
Investment Breakdown
|
Purchase Price
$312k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,478
Downpayment
20%
$62,360
Closing costs
1%
$3,118
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$1,983
Total Expenses
$2,789
Mortgage P&I
86%
$1,711
Property Taxes
15%
$293
Home Insurance
6%
$112
HOA
0%
$0
Property Management
12%
$238
CapEx
4%
$79
Vacancy
3%
$59
Maintenance
4%
$79
Other
11%
$218