This property looks like a bad Mid-Term investment with a projected -2.27% first-year return on $82,932 initial cash invested.
-2.27%
Cash On Cash
6.22%
Cap Rate
0.97
DSCR
$2,550
Rent
-$157
Cashflow
Cash Flow
$2,550 income − $2,707 expenses = $157 out of pocket
Investment Breakdown
|
Purchase Price
$309k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,932
Downpayment
20%
$61,840
Closing costs
1%
$3,092
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,550
Total Expenses
$2,707
Mortgage P&I
65%
$1,658
Property Taxes
3%
$71
Home Insurance
4%
$112
HOA
0%
$0
Property Management
12%
$306
CapEx
4%
$102
Vacancy
3%
$76
Maintenance
4%
$102
Other
11%
$280