This property looks like a bad Mid-Term investment with a projected -7.26% first-year return on $83,478 initial cash invested.
-7.26%
Cash On Cash
5.15%
Cap Rate
0.76
DSCR
$2,199
Rent
-$505
Cashflow
Cash Flow
$2,199 income − $2,704 expenses = $505 out of pocket
Investment Breakdown
|
Purchase Price
$312k
Downpayment
20.0%
Interest Rate
7.6%
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
$2,199
Total Expenses
$2,704
Mortgage P&I
80%
$1,754
Property Taxes
4%
$82
Home Insurance
5%
$110
HOA
0%
$10
Property Management
12%
$264
CapEx
4%
$88
Vacancy
3%
$66
Maintenance
4%
$88
Other
11%
$242