This property looks like a bad Mid-Term investment with a projected -2.47% first-year return on $81,483 initial cash invested.
-2.47%
Cash On Cash
6.57%
Cap Rate
0.97
DSCR
$2,958
Rent
-$168
Cashflow
Cash Flow
$2,958 income − $3,126 expenses = $168 out of pocket
Investment Breakdown
|
Purchase Price
$302k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,483
Downpayment
20%
$60,460
Closing costs
1%
$3,023
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,958
Total Expenses
$3,126
Mortgage P&I
58%
$1,704
Property Taxes
10%
$310
Home Insurance
4%
$107
HOA
0%
$0
Property Management
12%
$355
CapEx
4%
$118
Vacancy
3%
$89
Maintenance
4%
$118
Other
11%
$325