This property looks like a bad Mid-Term investment with a projected -2.64% first-year return on $81,273 initial cash invested.
-2.64%
Cash On Cash
5.98%
Cap Rate
0.95
DSCR
$2,708
Rent
-$179
Cashflow
Cash Flow
$2,708 income − $2,887 expenses = $179 out of pocket
Investment Breakdown
|
Purchase Price
$301k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,273
Downpayment
20%
$60,260
Closing costs
1%
$3,013
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,708
Total Expenses
$2,887
Mortgage P&I
58%
$1,573
Property Taxes
11%
$287
Home Insurance
4%
$107
HOA
0%
$0
Property Management
12%
$325
CapEx
4%
$108
Vacancy
3%
$81
Maintenance
4%
$108
Other
11%
$298