This property looks like a bad Mid-Term investment with a projected -2.1% first-year return on $81,315 initial cash invested.
-2.1%
Cash On Cash
6.4%
Cap Rate
0.98
DSCR
$2,655
Rent
-$142
Cashflow
Cash Flow
$2,655 income − $2,797 expenses = $142 out of pocket
Investment Breakdown
|
Purchase Price
$302k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,315
Downpayment
20%
$60,300
Closing costs
1%
$3,015
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,655
Total Expenses
$2,797
Mortgage P&I
62%
$1,645
Property Taxes
4%
$117
Home Insurance
5%
$124
HOA
0%
$8
Property Management
12%
$319
CapEx
4%
$106
Vacancy
3%
$80
Maintenance
4%
$106
Other
11%
$292