This property looks like a bad Mid-Term investment with a projected -5.96% first-year return on $82,974 initial cash invested.
-5.96%
Cash On Cash
5.34%
Cap Rate
0.83
DSCR
$3,238
Rent
-$412
Cashflow
Cash Flow
$3,238 income − $3,650 expenses = $412 out of pocket
Investment Breakdown
|
Purchase Price
$309k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,974
Downpayment
20%
$61,880
Closing costs
1%
$3,094
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,238
Total Expenses
$3,650
Mortgage P&I
51%
$1,660
Property Taxes
17%
$546
Home Insurance
3%
$112
HOA
7%
$230
Property Management
12%
$389
CapEx
4%
$130
Vacancy
3%
$97
Maintenance
4%
$130
Other
11%
$356