This property looks like a bad Mid-Term investment with a projected -9.5% first-year return on $83,079 initial cash invested.
-9.5%
Cash On Cash
4.09%
Cap Rate
0.64
DSCR
$1,894
Rent
-$658
Cashflow
Cash Flow
$1,894 income − $2,552 expenses = $658 out of pocket
Investment Breakdown
|
Purchase Price
$310k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,079
Downpayment
20%
$61,980
Closing costs
1%
$3,099
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$1,894
Total Expenses
$2,552
Mortgage P&I
86%
$1,637
Property Taxes
9%
$163
Home Insurance
6%
$108
HOA
0%
$0
Property Management
12%
$227
CapEx
4%
$76
Vacancy
3%
$57
Maintenance
4%
$76
Other
11%
$208