This property looks like a bad Mid-Term investment with a projected -6.6% first-year return on $82,932 initial cash invested.
-6.6%
Cash On Cash
5.18%
Cap Rate
0.79
DSCR
$2,380
Rent
-$456
Cashflow
Cash Flow
$2,380 income − $2,836 expenses = $456 out of pocket
Investment Breakdown
|
Purchase Price
$309k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,380
Total Expenses
$2,836
Mortgage P&I
71%
$1,695
Property Taxes
9%
$222
Home Insurance
5%
$110
HOA
0%
$0
Property Management
12%
$286
CapEx
4%
$95
Vacancy
3%
$71
Maintenance
4%
$95
Other
11%
$262