This property looks like a bad Mid-Term investment with a projected -3.26% first-year return on $81,315 initial cash invested.
-3.26%
Cash On Cash
6.19%
Cap Rate
0.94
DSCR
$2,828
Rent
-$221
Cashflow
Cash Flow
$2,828 income − $3,049 expenses = $221 out of pocket
Investment Breakdown
|
Purchase Price
$302k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,315
Downpayment
20%
$60,300
Closing costs
1%
$3,015
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,828
Total Expenses
$3,049
Mortgage P&I
59%
$1,662
Property Taxes
11%
$324
Home Insurance
4%
$102
HOA
0%
$0
Property Management
12%
$339
CapEx
4%
$113
Vacancy
3%
$85
Maintenance
4%
$113
Other
11%
$311