This property looks like a bad Mid-Term investment with a projected -5.1% first-year return on $82,764 initial cash invested.
-5.1%
Cash On Cash
5.54%
Cap Rate
0.86
DSCR
$2,943
Rent
-$352
Cashflow
Cash Flow
$2,943 income − $3,295 expenses = $352 out of pocket
Investment Breakdown
|
Purchase Price
$308k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,764
Downpayment
20%
$61,680
Closing costs
1%
$3,084
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,943
Total Expenses
$3,295
Mortgage P&I
56%
$1,657
Property Taxes
15%
$454
Home Insurance
6%
$183
HOA
0%
$0
Property Management
12%
$353
CapEx
4%
$118
Vacancy
3%
$88
Maintenance
4%
$118
Other
11%
$324