This property looks like a bad Mid-Term investment with a projected -4.64% first-year return on $82,764 initial cash invested.
-4.64%
Cash On Cash
5.56%
Cap Rate
0.87
DSCR
$2,745
Rent
-$320
Cashflow
Cash Flow
$2,745 income − $3,065 expenses = $320 out of pocket
Investment Breakdown
|
Purchase Price
$308k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,764
Downpayment
20%
$61,680
Closing costs
1%
$3,084
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,745
Total Expenses
$3,065
Mortgage P&I
60%
$1,638
Property Taxes
14%
$386
Home Insurance
4%
$108
HOA
0%
$0
Property Management
12%
$329
CapEx
4%
$110
Vacancy
3%
$82
Maintenance
4%
$110
Other
11%
$302