This property looks like a bad Mid-Term investment with a projected -3.82% first-year return on $82,932 initial cash invested.
-3.82%
Cash On Cash
5.69%
Cap Rate
0.91
DSCR
$2,880
Rent
-$264
Cashflow
Cash Flow
$2,880 income − $3,144 expenses = $264 out of pocket
Investment Breakdown
|
Purchase Price
$309k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,932
Downpayment
20%
$61,840
Closing costs
1%
$3,092
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,880
Total Expenses
$3,144
Mortgage P&I
56%
$1,614
Property Taxes
15%
$441
Home Insurance
4%
$110
HOA
0%
$0
Property Management
12%
$346
CapEx
4%
$115
Vacancy
3%
$86
Maintenance
4%
$115
Other
11%
$317