This property looks like a bad Mid-Term investment with a projected -2.76% first-year return on $82,029 initial cash invested.
-2.76%
Cash On Cash
6.24%
Cap Rate
0.95
DSCR
$2,643
Rent
-$189
Cashflow
Cash Flow
$2,643 income − $2,832 expenses = $189 out of pocket
Investment Breakdown
|
Purchase Price
$305k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,029
Downpayment
20%
$60,980
Closing costs
1%
$3,049
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,643
Total Expenses
$2,832
Mortgage P&I
63%
$1,669
Property Taxes
5%
$123
Home Insurance
4%
$108
HOA
1%
$33
Property Management
12%
$317
CapEx
4%
$106
Vacancy
3%
$79
Maintenance
4%
$106
Other
11%
$291