This property looks like a bad Mid-Term investment with a projected -1.94% first-year return on $82,365 initial cash invested.
-1.94%
Cash On Cash
6.71%
Cap Rate
0.99
DSCR
$2,732
Rent
-$133
Cashflow
Cash Flow
$2,732 income − $2,865 expenses = $133 out of pocket
Investment Breakdown
|
Purchase Price
$307k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,365
Downpayment
20%
$61,300
Closing costs
1%
$3,065
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,732
Total Expenses
$2,865
Mortgage P&I
64%
$1,739
Property Taxes
3%
$85
Home Insurance
4%
$112
HOA
0%
$0
Property Management
12%
$328
CapEx
4%
$109
Vacancy
3%
$82
Maintenance
4%
$109
Other
11%
$301