This property looks like a bad Mid-Term investment with a projected -2.06% first-year return on $81,987 initial cash invested.
-2.06%
Cash On Cash
6.06%
Cap Rate
0.98
DSCR
$2,650
Rent
-$141
Cashflow
Cash Flow
$2,650 income − $2,791 expenses = $141 out of pocket
Investment Breakdown
|
Purchase Price
$305k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,987
Downpayment
20%
$60,940
Closing costs
1%
$3,047
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,650
Total Expenses
$2,791
Mortgage P&I
59%
$1,574
Property Taxes
7%
$194
Home Insurance
5%
$121
HOA
0%
$0
Property Management
12%
$318
CapEx
4%
$106
Vacancy
3%
$80
Maintenance
4%
$106
Other
11%
$292