This property looks like a bad Mid-Term investment with a projected -3.87% first-year return on $84,108 initial cash invested.
-3.87%
Cash On Cash
5.85%
Cap Rate
0.9
DSCR
$2,710
Rent
-$271
Cashflow
Cash Flow
$2,710 income − $2,981 expenses = $271 out of pocket
Investment Breakdown
|
Purchase Price
$315k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,108
Downpayment
20%
$62,960
Closing costs
1%
$3,148
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,710
Total Expenses
$2,981
Mortgage P&I
63%
$1,697
Property Taxes
9%
$248
Home Insurance
4%
$116
HOA
0%
$0
Property Management
12%
$325
CapEx
4%
$108
Vacancy
3%
$81
Maintenance
4%
$108
Other
11%
$298