This property looks like a bad Mid-Term investment with a projected -3.29% first-year return on $82,743 initial cash invested.
-3.29%
Cash On Cash
6.09%
Cap Rate
0.93
DSCR
$2,812
Rent
-$227
Cashflow
Cash Flow
$2,812 income − $3,039 expenses = $227 out of pocket
Investment Breakdown
|
Purchase Price
$308k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,743
Downpayment
20%
$61,660
Closing costs
1%
$3,083
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,812
Total Expenses
$3,039
Mortgage P&I
60%
$1,680
Property Taxes
9%
$253
Home Insurance
4%
$110
HOA
1%
$42
Property Management
12%
$337
CapEx
4%
$112
Vacancy
3%
$84
Maintenance
4%
$112
Other
11%
$309