This property looks like a bad Mid-Term investment with a projected -2.27% first-year return on $82,092 initial cash invested.
-2.27%
Cash On Cash
6.45%
Cap Rate
0.98
DSCR
$2,852
Rent
-$155
Cashflow
Cash Flow
$2,852 income − $3,007 expenses = $155 out of pocket
Investment Breakdown
|
Purchase Price
$305k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,092
Downpayment
20%
$61,040
Closing costs
1%
$3,052
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,852
Total Expenses
$3,007
Mortgage P&I
59%
$1,682
Property Taxes
9%
$253
Home Insurance
4%
$102
HOA
0%
$0
Property Management
12%
$342
CapEx
4%
$114
Vacancy
3%
$86
Maintenance
4%
$114
Other
11%
$314