This property looks like a bad Mid-Term investment with a projected -5.42% first-year return on $82,638 initial cash invested.
-5.42%
Cash On Cash
5.22%
Cap Rate
0.83
DSCR
$2,396
Rent
-$373
Cashflow
Cash Flow
$2,396 income − $2,769 expenses = $373 out of pocket
Investment Breakdown
|
Purchase Price
$308k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,638
Downpayment
20%
$61,560
Closing costs
1%
$3,078
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,396
Total Expenses
$2,769
Mortgage P&I
67%
$1,617
Property Taxes
9%
$224
Home Insurance
5%
$112
HOA
0%
$0
Property Management
12%
$288
CapEx
4%
$96
Vacancy
3%
$72
Maintenance
4%
$96
Other
11%
$264