This property looks like a bad Mid-Term investment with a projected -16.87% first-year return on $84,150 initial cash invested.
-16.87%
Cash On Cash
2.42%
Cap Rate
0.36
DSCR
$1,494
Rent
-$1,183
Cashflow
Cash Flow
$1,494 income − $2,677 expenses = $1,183 out of pocket
Investment Breakdown
|
Purchase Price
$315k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,150
Downpayment
20%
$63,000
Closing costs
1%
$3,150
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$1,494
Total Expenses
$2,677
Mortgage P&I
118%
$1,758
Property Taxes
20%
$301
Home Insurance
7%
$110
HOA
0%
$0
Property Management
12%
$179
CapEx
4%
$60
Vacancy
3%
$45
Maintenance
4%
$60
Other
11%
$164