This property looks like a bad Mid-Term investment with a projected -2.63% first-year return on $82,449 initial cash invested.
-2.63%
Cash On Cash
6.31%
Cap Rate
0.97
DSCR
$3,086
Rent
-$181
Cashflow
Cash Flow
$3,086 income − $3,267 expenses = $181 out of pocket
Investment Breakdown
|
Purchase Price
$307k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,449
Downpayment
20%
$61,380
Closing costs
1%
$3,069
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,086
Total Expenses
$3,267
Mortgage P&I
54%
$1,671
Property Taxes
14%
$432
Home Insurance
4%
$116
HOA
0%
$0
Property Management
12%
$370
CapEx
4%
$123
Vacancy
3%
$93
Maintenance
4%
$123
Other
11%
$339