This property looks like a bad Mid-Term investment with a projected -1.02% first-year return on $83,730 initial cash invested.
-1.02%
Cash On Cash
6.81%
Cap Rate
1.03
DSCR
$2,938
Rent
-$71
Cashflow
Cash Flow
$2,938 income − $3,009 expenses = $71 out of pocket
Investment Breakdown
|
Purchase Price
$313k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,730
Downpayment
20%
$62,600
Closing costs
1%
$3,130
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,938
Total Expenses
$3,009
Mortgage P&I
59%
$1,729
Property Taxes
5%
$145
Home Insurance
4%
$110
HOA
1%
$25
Property Management
12%
$353
CapEx
4%
$118
Vacancy
3%
$88
Maintenance
4%
$118
Other
11%
$323