This property looks like a bad Mid-Term investment with a projected -0.82% first-year return on $82,961 initial cash invested.
-0.82%
Cash On Cash
6.62%
Cap Rate
1.04
DSCR
$2,934
Rent
-$57
Cashflow
Cash Flow
$2,934 income − $2,991 expenses = $57 out of pocket
Investment Breakdown
|
Purchase Price
$309k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,961
Downpayment
20%
$61,868
Closing costs
1%
$3,093
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,934
Total Expenses
$2,991
Mortgage P&I
56%
$1,646
Property Taxes
7%
$191
Home Insurance
4%
$108
HOA
2%
$49
Property Management
12%
$352
CapEx
4%
$117
Vacancy
3%
$88
Maintenance
4%
$117
Other
11%
$323