This property looks like a bad Mid-Term investment with a projected -2.84% first-year return on $82,953 initial cash invested.
-2.84%
Cash On Cash
6.58%
Cap Rate
0.96
DSCR
$3,141
Rent
-$196
Cashflow
Cash Flow
$3,141 income − $3,337 expenses = $196 out of pocket
Investment Breakdown
|
Purchase Price
$309k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,953
Downpayment
20%
$61,860
Closing costs
1%
$3,093
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,141
Total Expenses
$3,337
Mortgage P&I
56%
$1,767
Property Taxes
13%
$393
Home Insurance
3%
$108
HOA
0%
$0
Property Management
12%
$377
CapEx
4%
$126
Vacancy
3%
$94
Maintenance
4%
$126
Other
11%
$346