This property looks like a bad Mid-Term investment with a projected -1.58% first-year return on $82,743 initial cash invested.
-1.58%
Cash On Cash
6.29%
Cap Rate
1
DSCR
$2,649
Rent
-$109
Cashflow
Cash Flow
$2,649 income − $2,758 expenses = $109 out of pocket
Investment Breakdown
|
Purchase Price
$308k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,743
Downpayment
20%
$61,660
Closing costs
1%
$3,083
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,649
Total Expenses
$2,758
Mortgage P&I
61%
$1,620
Property Taxes
5%
$128
Home Insurance
4%
$110
HOA
0%
$0
Property Management
12%
$318
CapEx
4%
$106
Vacancy
3%
$79
Maintenance
4%
$106
Other
11%
$291