This property looks like a bad Mid-Term investment with a projected -2.22% first-year return on $82,071 initial cash invested.
-2.22%
Cash On Cash
6.43%
Cap Rate
0.98
DSCR
$2,840
Rent
-$152
Cashflow
Cash Flow
$2,840 income − $2,992 expenses = $152 out of pocket
Investment Breakdown
|
Purchase Price
$305k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,071
Downpayment
20%
$61,020
Closing costs
1%
$3,051
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,840
Total Expenses
$2,992
Mortgage P&I
59%
$1,673
Property Taxes
7%
$187
Home Insurance
4%
$116
HOA
2%
$50
Property Management
12%
$341
CapEx
4%
$114
Vacancy
3%
$85
Maintenance
4%
$114
Other
11%
$312