This property looks like a bad Mid-Term investment with a projected -7.57% first-year return on $83,331 initial cash invested.
-7.57%
Cash On Cash
5.02%
Cap Rate
0.75
DSCR
$2,358
Rent
-$526
Cashflow
Cash Flow
$2,358 income − $2,884 expenses = $526 out of pocket
Investment Breakdown
|
Purchase Price
$311k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,331
Downpayment
20%
$62,220
Closing costs
1%
$3,111
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,358
Total Expenses
$2,884
Mortgage P&I
73%
$1,733
Property Taxes
10%
$238
Home Insurance
5%
$112
HOA
0%
$0
Property Management
12%
$283
CapEx
4%
$94
Vacancy
3%
$71
Maintenance
4%
$94
Other
11%
$259