This property looks like a bad Mid-Term investment with a projected -14.97% first-year return on $83,100 initial cash invested.
-14.97%
Cash On Cash
2.85%
Cap Rate
0.43
DSCR
$1,276
Rent
-$1,037
Cashflow
Cash Flow
$1,276 income − $2,313 expenses = $1,037 out of pocket
Investment Breakdown
|
Purchase Price
$310k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,100
Downpayment
20%
$62,000
Closing costs
1%
$3,100
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$1,276
Total Expenses
$2,313
Mortgage P&I
135%
$1,723
Property Taxes
4%
$49
Home Insurance
8%
$108
HOA
0%
$0
Property Management
12%
$153
CapEx
4%
$51
Vacancy
3%
$38
Maintenance
4%
$51
Other
11%
$140