This property looks like a bad Mid-Term investment with a projected -2.79% first-year return on $83,100 initial cash invested.
-2.79%
Cash On Cash
5.79%
Cap Rate
0.95
DSCR
$2,710
Rent
-$193
Cashflow
Cash Flow
$2,710 income − $2,903 expenses = $193 out of pocket
Investment Breakdown
|
Purchase Price
$310k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,100
Downpayment
20%
$62,000
Closing costs
1%
$3,100
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,710
Total Expenses
$2,903
Mortgage P&I
58%
$1,581
Property Taxes
11%
$294
Home Insurance
4%
$108
HOA
0%
$0
Property Management
12%
$325
CapEx
4%
$108
Vacancy
3%
$81
Maintenance
4%
$108
Other
11%
$298