This property looks like a bad Mid-Term investment with a projected -3.31% first-year return on $81,819 initial cash invested.
-3.31%
Cash On Cash
6.17%
Cap Rate
0.94
DSCR
$3,116
Rent
-$226
Cashflow
Cash Flow
$3,116 income − $3,342 expenses = $226 out of pocket
Investment Breakdown
|
Purchase Price
$304k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,819
Downpayment
20%
$60,780
Closing costs
1%
$3,039
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,116
Total Expenses
$3,342
Mortgage P&I
53%
$1,663
Property Taxes
17%
$528
Home Insurance
3%
$91
HOA
0%
$0
Property Management
12%
$374
CapEx
4%
$125
Vacancy
3%
$93
Maintenance
4%
$125
Other
11%
$343