This property looks like a bad Mid-Term investment with a projected -2% first-year return on $82,134 initial cash invested.
-2%
Cash On Cash
6.41%
Cap Rate
0.98
DSCR
$2,694
Rent
-$137
Cashflow
Cash Flow
$2,694 income − $2,831 expenses = $137 out of pocket
Investment Breakdown
|
Purchase Price
$305k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,134
Downpayment
20%
$61,080
Closing costs
1%
$3,054
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,694
Total Expenses
$2,831
Mortgage P&I
62%
$1,660
Property Taxes
5%
$147
Home Insurance
4%
$108
HOA
0%
$0
Property Management
12%
$323
CapEx
4%
$108
Vacancy
3%
$81
Maintenance
4%
$108
Other
11%
$296