This property looks like a bad Mid-Term investment with a projected -3.75% first-year return on $83,184 initial cash invested.
-3.75%
Cash On Cash
5.78%
Cap Rate
0.9
DSCR
$2,458
Rent
-$260
Cashflow
Cash Flow
$2,458 income − $2,718 expenses = $260 out of pocket
Investment Breakdown
|
Purchase Price
$310k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,184
Downpayment
20%
$62,080
Closing costs
1%
$3,104
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,458
Total Expenses
$2,718
Mortgage P&I
67%
$1,657
Property Taxes
5%
$112
Home Insurance
5%
$114
HOA
0%
$0
Property Management
12%
$295
CapEx
4%
$98
Vacancy
3%
$74
Maintenance
4%
$98
Other
11%
$270