This property looks like a bad Mid-Term investment with a projected -1.56% first-year return on $83,604 initial cash invested.
-1.56%
Cash On Cash
6.44%
Cap Rate
1
DSCR
$2,920
Rent
-$109
Cashflow
Cash Flow
$2,920 income − $3,029 expenses = $109 out of pocket
Investment Breakdown
|
Purchase Price
$312k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,604
Downpayment
20%
$62,480
Closing costs
1%
$3,124
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,920
Total Expenses
$3,029
Mortgage P&I
57%
$1,668
Property Taxes
9%
$256
Home Insurance
4%
$112
HOA
0%
$0
Property Management
12%
$350
CapEx
4%
$117
Vacancy
3%
$88
Maintenance
4%
$117
Other
11%
$321