This property looks like a bad Mid-Term investment with a projected -3.74% first-year return on $82,890 initial cash invested.
-3.74%
Cash On Cash
5.43%
Cap Rate
0.9
DSCR
$2,607
Rent
-$258
Cashflow
Cash Flow
$2,607 income − $2,865 expenses = $258 out of pocket
Investment Breakdown
|
Purchase Price
$309k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,890
Downpayment
20%
$61,800
Closing costs
1%
$3,090
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,607
Total Expenses
$2,865
Mortgage P&I
60%
$1,552
Property Taxes
12%
$311
Home Insurance
4%
$108
HOA
0%
$8
Property Management
12%
$313
CapEx
4%
$104
Vacancy
3%
$78
Maintenance
4%
$104
Other
11%
$287