This property looks like a bad Mid-Term investment with a projected -2.67% first-year return on $82,575 initial cash invested.
-2.67%
Cash On Cash
5.8%
Cap Rate
0.95
DSCR
$2,646
Rent
-$184
Cashflow
Cash Flow
$2,646 income − $2,830 expenses = $184 out of pocket
Investment Breakdown
|
Purchase Price
$308k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,575
Downpayment
20%
$61,500
Closing costs
1%
$3,075
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,646
Total Expenses
$2,830
Mortgage P&I
59%
$1,565
Property Taxes
10%
$253
Home Insurance
4%
$112
HOA
0%
$0
Property Management
12%
$318
CapEx
4%
$106
Vacancy
3%
$79
Maintenance
4%
$106
Other
11%
$291