This property looks like a bad Mid-Term investment with a projected -3.51% first-year return on $81,798 initial cash invested.
-3.51%
Cash On Cash
6.09%
Cap Rate
0.92
DSCR
$2,758
Rent
-$239
Cashflow
Cash Flow
$2,758 income − $2,997 expenses = $239 out of pocket
Investment Breakdown
|
Purchase Price
$304k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,798
Downpayment
20%
$60,760
Closing costs
1%
$3,038
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,758
Total Expenses
$2,997
Mortgage P&I
61%
$1,670
Property Taxes
6%
$162
Home Insurance
8%
$228
HOA
0%
$0
Property Management
12%
$331
CapEx
4%
$110
Vacancy
3%
$83
Maintenance
4%
$110
Other
11%
$303