This property looks like a bad Mid-Term investment with a projected -1.26% first-year return on $84,045 initial cash invested.
-1.26%
Cash On Cash
6.85%
Cap Rate
1.02
DSCR
$3,033
Rent
-$88
Cashflow
Cash Flow
$3,033 income − $3,121 expenses = $88 out of pocket
Investment Breakdown
|
Purchase Price
$315k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,045
Downpayment
20%
$62,900
Closing costs
1%
$3,145
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,033
Total Expenses
$3,121
Mortgage P&I
58%
$1,763
Property Taxes
7%
$217
Home Insurance
4%
$110
HOA
0%
$0
Property Management
12%
$364
CapEx
4%
$121
Vacancy
3%
$91
Maintenance
4%
$121
Other
11%
$334