This property looks like a bad Mid-Term investment with a projected -1.65% first-year return on $82,911 initial cash invested.
-1.65%
Cash On Cash
6.69%
Cap Rate
1.01
DSCR
$3,147
Rent
-$114
Cashflow
Cash Flow
$3,147 income − $3,261 expenses = $114 out of pocket
Investment Breakdown
|
Purchase Price
$309k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,911
Downpayment
20%
$61,820
Closing costs
1%
$3,091
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,147
Total Expenses
$3,261
Mortgage P&I
54%
$1,711
Property Taxes
11%
$358
Home Insurance
4%
$122
HOA
0%
$0
Property Management
12%
$378
CapEx
4%
$126
Vacancy
3%
$94
Maintenance
4%
$126
Other
11%
$346