This property looks like a bad Mid-Term investment with a projected -3.09% first-year return on $81,882 initial cash invested.
-3.09%
Cash On Cash
6.32%
Cap Rate
0.94
DSCR
$2,910
Rent
-$211
Cashflow
Cash Flow
$2,910 income − $3,121 expenses = $211 out of pocket
Investment Breakdown
|
Purchase Price
$304k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,882
Downpayment
20%
$60,840
Closing costs
1%
$3,042
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,910
Total Expenses
$3,121
Mortgage P&I
58%
$1,696
Property Taxes
11%
$329
Home Insurance
4%
$108
HOA
0%
$0
Property Management
12%
$349
CapEx
4%
$116
Vacancy
3%
$87
Maintenance
4%
$116
Other
11%
$320