This property looks like a bad Mid-Term investment with a projected -3.57% first-year return on $83,688 initial cash invested.
-3.57%
Cash On Cash
6.26%
Cap Rate
0.92
DSCR
$2,684
Rent
-$249
Cashflow
Cash Flow
$2,684 income − $2,933 expenses = $249 out of pocket
Investment Breakdown
|
Purchase Price
$313k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,688
Downpayment
20%
$62,560
Closing costs
1%
$3,128
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,684
Total Expenses
$2,933
Mortgage P&I
66%
$1,774
Property Taxes
5%
$137
Home Insurance
4%
$110
HOA
0%
$0
Property Management
12%
$322
CapEx
4%
$107
Vacancy
3%
$81
Maintenance
4%
$107
Other
11%
$295