This property looks like a bad Mid-Term investment with a projected -6.21% first-year return on $82,155 initial cash invested.
-6.21%
Cash On Cash
5.49%
Cap Rate
0.82
DSCR
$3,014
Rent
-$425
Cashflow
Cash Flow
$3,014 income − $3,439 expenses = $425 out of pocket
Investment Breakdown
|
Purchase Price
$306k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,155
Downpayment
20%
$61,100
Closing costs
1%
$3,055
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,014
Total Expenses
$3,439
Mortgage P&I
56%
$1,701
Property Taxes
20%
$601
Home Insurance
4%
$111
HOA
0%
$0
Property Management
12%
$362
CapEx
4%
$121
Vacancy
3%
$90
Maintenance
4%
$121
Other
11%
$332