This property looks like a bad Mid-Term investment with a projected -0.8% first-year return on $82,470 initial cash invested.
-0.8%
Cash On Cash
6.63%
Cap Rate
1.03
DSCR
$2,812
Rent
-$55
Cashflow
Cash Flow
$2,812 income − $2,867 expenses = $55 out of pocket
Investment Breakdown
|
Purchase Price
$307k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,470
Downpayment
20%
$61,400
Closing costs
1%
$3,070
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,812
Total Expenses
$2,867
Mortgage P&I
58%
$1,640
Property Taxes
6%
$166
Home Insurance
4%
$107
HOA
0%
$0
Property Management
12%
$337
CapEx
4%
$112
Vacancy
3%
$84
Maintenance
4%
$112
Other
11%
$309