This property looks like a bad Mid-Term investment with a projected -4.63% first-year return on $82,722 initial cash invested.
-4.63%
Cash On Cash
5.75%
Cap Rate
0.87
DSCR
$2,676
Rent
-$319
Cashflow
Cash Flow
$2,676 income − $2,995 expenses = $319 out of pocket
Investment Breakdown
|
Purchase Price
$308k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,722
Downpayment
20%
$61,640
Closing costs
1%
$3,082
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,676
Total Expenses
$2,995
Mortgage P&I
63%
$1,688
Property Taxes
10%
$272
Home Insurance
5%
$122
HOA
0%
$4
Property Management
12%
$321
CapEx
4%
$107
Vacancy
3%
$80
Maintenance
4%
$107
Other
11%
$294