This property looks like a bad Mid-Term investment with a projected -1.28% first-year return on $83,709 initial cash invested.
-1.28%
Cash On Cash
6.82%
Cap Rate
1.02
DSCR
$3,261
Rent
-$89
Cashflow
Cash Flow
$3,261 income − $3,350 expenses = $89 out of pocket
Investment Breakdown
|
Purchase Price
$313k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,709
Downpayment
20%
$62,580
Closing costs
1%
$3,129
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,261
Total Expenses
$3,350
Mortgage P&I
53%
$1,737
Property Taxes
12%
$397
Home Insurance
3%
$108
HOA
0%
$0
Property Management
12%
$391
CapEx
4%
$130
Vacancy
3%
$98
Maintenance
4%
$130
Other
11%
$359