This property looks like a bad Mid-Term investment with a projected -0.38% first-year return on $82,911 initial cash invested.
-0.38%
Cash On Cash
6.81%
Cap Rate
1.06
DSCR
$3,070
Rent
-$26
Cashflow
Cash Flow
$3,070 income − $3,096 expenses = $26 out of pocket
Investment Breakdown
|
Purchase Price
$309k
Downpayment
20.0%
Interest Rate
7.1%
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
$3,070
Total Expenses
$3,096
Mortgage P&I
54%
$1,656
Property Taxes
9%
$270
Home Insurance
3%
$105
HOA
1%
$21
Property Management
12%
$368
CapEx
4%
$123
Vacancy
3%
$92
Maintenance
4%
$123
Other
11%
$338