This property looks like a bad Mid-Term investment with a projected -1.61% first-year return on $82,911 initial cash invested.
-1.61%
Cash On Cash
6.37%
Cap Rate
1
DSCR
$2,674
Rent
-$111
Cashflow
Cash Flow
$2,674 income − $2,785 expenses = $111 out of pocket
Investment Breakdown
|
Purchase Price
$309k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,911
Downpayment
20%
$61,820
Closing costs
1%
$3,091
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,674
Total Expenses
$2,785
Mortgage P&I
62%
$1,645
Property Taxes
4%
$119
Home Insurance
4%
$112
HOA
0%
$0
Property Management
12%
$321
CapEx
4%
$107
Vacancy
3%
$80
Maintenance
4%
$107
Other
11%
$294