This property looks like a bad Mid-Term investment with a projected -9.53% first-year return on $84,150 initial cash invested.
-9.53%
Cash On Cash
4.27%
Cap Rate
0.66
DSCR
$1,974
Rent
-$668
Cashflow
Cash Flow
$1,974 income − $2,642 expenses = $668 out of pocket
Investment Breakdown
|
Purchase Price
$315k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,150
Downpayment
20%
$63,000
Closing costs
1%
$3,150
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$1,974
Total Expenses
$2,642
Mortgage P&I
87%
$1,711
Property Taxes
8%
$150
Home Insurance
6%
$110
HOA
0%
$0
Property Management
12%
$237
CapEx
4%
$79
Vacancy
3%
$59
Maintenance
4%
$79
Other
11%
$217