This property looks like a bad Mid-Term investment with a projected -1.6% first-year return on $82,428 initial cash invested.
-1.6%
Cash On Cash
6.56%
Cap Rate
1.01
DSCR
$2,970
Rent
-$110
Cashflow
Cash Flow
$2,970 income − $3,080 expenses = $110 out of pocket
Investment Breakdown
|
Purchase Price
$307k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,428
Downpayment
20%
$61,360
Closing costs
1%
$3,068
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,970
Total Expenses
$3,080
Mortgage P&I
56%
$1,669
Property Taxes
10%
$291
Home Insurance
4%
$110
HOA
0%
$0
Property Management
12%
$356
CapEx
4%
$119
Vacancy
3%
$89
Maintenance
4%
$119
Other
11%
$327