This property looks like a bad Mid-Term investment with a projected -0.98% first-year return on $82,407 initial cash invested.
-0.98%
Cash On Cash
6.36%
Cap Rate
1.03
DSCR
$2,692
Rent
-$67
Cashflow
Cash Flow
$2,692 income − $2,759 expenses = $67 out of pocket
Investment Breakdown
|
Purchase Price
$307k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,407
Downpayment
20%
$61,340
Closing costs
1%
$3,067
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,692
Total Expenses
$2,759
Mortgage P&I
59%
$1,584
Property Taxes
6%
$151
Home Insurance
4%
$108
HOA
0%
$0
Property Management
12%
$323
CapEx
4%
$108
Vacancy
3%
$81
Maintenance
4%
$108
Other
11%
$296