This property looks like a bad Mid-Term investment with a projected -2.58% first-year return on $82,701 initial cash invested.
-2.58%
Cash On Cash
5.86%
Cap Rate
0.96
DSCR
$2,697
Rent
-$178
Cashflow
Cash Flow
$2,697 income − $2,875 expenses = $178 out of pocket
Investment Breakdown
|
Purchase Price
$308k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,701
Downpayment
20%
$61,620
Closing costs
1%
$3,081
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,697
Total Expenses
$2,875
Mortgage P&I
58%
$1,574
Property Taxes
10%
$273
Home Insurance
4%
$110
HOA
0%
$0
Property Management
12%
$324
CapEx
4%
$108
Vacancy
3%
$81
Maintenance
4%
$108
Other
11%
$297