This property looks like a bad Mid-Term investment with a projected -4.62% first-year return on $83,436 initial cash invested.
-4.62%
Cash On Cash
5.55%
Cap Rate
0.88
DSCR
$2,890
Rent
-$321
Cashflow
Cash Flow
$2,890 income − $3,211 expenses = $321 out of pocket
Investment Breakdown
|
Purchase Price
$312k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,436
Downpayment
20%
$62,320
Closing costs
1%
$3,116
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,890
Total Expenses
$3,211
Mortgage P&I
57%
$1,645
Property Taxes
7%
$196
Home Insurance
4%
$121
HOA
9%
$265
Property Management
12%
$347
CapEx
4%
$116
Vacancy
3%
$87
Maintenance
4%
$116
Other
11%
$318