This property looks like a bad Mid-Term investment with a projected -6.66% first-year return on $82,911 initial cash invested.
-6.66%
Cash On Cash
4.86%
Cap Rate
0.77
DSCR
$2,170
Rent
-$460
Cashflow
Cash Flow
$2,170 income − $2,630 expenses = $460 out of pocket
Investment Breakdown
|
Purchase Price
$309k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,911
Downpayment
20%
$61,820
Closing costs
1%
$3,091
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,170
Total Expenses
$2,630
Mortgage P&I
75%
$1,624
Property Taxes
7%
$154
Home Insurance
5%
$114
HOA
0%
$0
Property Management
12%
$260
CapEx
4%
$87
Vacancy
3%
$65
Maintenance
4%
$87
Other
11%
$239