This property looks like a bad Mid-Term investment with a projected -1.4% first-year return on $82,428 initial cash invested.
-1.4%
Cash On Cash
6.58%
Cap Rate
1.01
DSCR
$2,794
Rent
-$96
Cashflow
Cash Flow
$2,794 income − $2,890 expenses = $96 out of pocket
Investment Breakdown
|
Purchase Price
$307k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,428
Downpayment
20%
$61,360
Closing costs
1%
$3,068
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,794
Total Expenses
$2,890
Mortgage P&I
60%
$1,667
Property Taxes
5%
$146
Home Insurance
4%
$117
HOA
0%
$10
Property Management
12%
$335
CapEx
4%
$112
Vacancy
3%
$84
Maintenance
4%
$112
Other
11%
$307