This property looks like a bad Mid-Term investment with a projected -4.98% first-year return on $83,100 initial cash invested.
-4.98%
Cash On Cash
5.45%
Cap Rate
0.85
DSCR
$2,628
Rent
-$345
Cashflow
Cash Flow
$2,628 income − $2,973 expenses = $345 out of pocket
Investment Breakdown
|
Purchase Price
$310k
Downpayment
20.0%
Interest Rate
7.0%
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
$2,628
Total Expenses
$2,973
Mortgage P&I
63%
$1,647
Property Taxes
12%
$325
Home Insurance
4%
$108
HOA
0%
$0
Property Management
12%
$315
CapEx
4%
$105
Vacancy
3%
$79
Maintenance
4%
$105
Other
11%
$289