This property looks like a bad Mid-Term investment with a projected -3.59% first-year return on $81,966 initial cash invested.
-3.59%
Cash On Cash
5.65%
Cap Rate
0.91
DSCR
$2,448
Rent
-$245
Cashflow
Cash Flow
$2,448 income − $2,693 expenses = $245 out of pocket
Investment Breakdown
|
Purchase Price
$305k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,966
Downpayment
20%
$60,920
Closing costs
1%
$3,046
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,448
Total Expenses
$2,693
Mortgage P&I
65%
$1,582
Property Taxes
7%
$169
Home Insurance
4%
$110
HOA
0%
$0
Property Management
12%
$294
CapEx
4%
$98
Vacancy
3%
$73
Maintenance
4%
$98
Other
11%
$269