This property looks like a bad Mid-Term investment with a projected -3.43% first-year return on $81,903 initial cash invested.
-3.43%
Cash On Cash
6.14%
Cap Rate
0.93
DSCR
$3,009
Rent
-$234
Cashflow
Cash Flow
$3,009 income − $3,243 expenses = $234 out of pocket
Investment Breakdown
|
Purchase Price
$304k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,903
Downpayment
20%
$60,860
Closing costs
1%
$3,043
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,009
Total Expenses
$3,243
Mortgage P&I
56%
$1,671
Property Taxes
14%
$436
Home Insurance
4%
$114
HOA
0%
$0
Property Management
12%
$361
CapEx
4%
$120
Vacancy
3%
$90
Maintenance
4%
$120
Other
11%
$331