This property looks like a bad Mid-Term investment with a projected -2.23% first-year return on $82,323 initial cash invested.
-2.23%
Cash On Cash
6.62%
Cap Rate
0.99
DSCR
$3,278
Rent
-$153
Cashflow
Cash Flow
$3,278 income − $3,431 expenses = $153 out of pocket
Investment Breakdown
|
Purchase Price
$306k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,323
Downpayment
20%
$61,260
Closing costs
1%
$3,063
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,278
Total Expenses
$3,431
Mortgage P&I
52%
$1,713
Property Taxes
15%
$493
Home Insurance
3%
$111
HOA
0%
$0
Property Management
12%
$393
CapEx
4%
$131
Vacancy
3%
$98
Maintenance
4%
$131
Other
11%
$361