This property looks like a bad Mid-Term investment with a projected -4.03% first-year return on $82,449 initial cash invested.
-4.03%
Cash On Cash
5.97%
Cap Rate
0.9
DSCR
$2,848
Rent
-$277
Cashflow
Cash Flow
$2,848 income − $3,125 expenses = $277 out of pocket
Investment Breakdown
|
Purchase Price
$307k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,449
Downpayment
20%
$61,380
Closing costs
1%
$3,069
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,848
Total Expenses
$3,125
Mortgage P&I
59%
$1,691
Property Taxes
12%
$349
Home Insurance
4%
$117
HOA
0%
$0
Property Management
12%
$342
CapEx
4%
$114
Vacancy
3%
$85
Maintenance
4%
$114
Other
11%
$313