This property looks like a bad Mid-Term investment with a projected -1.04% first-year return on $82,974 initial cash invested.
-1.04%
Cash On Cash
6.7%
Cap Rate
1.02
DSCR
$2,770
Rent
-$72
Cashflow
Cash Flow
$2,770 income − $2,842 expenses = $72 out of pocket
Investment Breakdown
|
Purchase Price
$309k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,974
Downpayment
20%
$61,880
Closing costs
1%
$3,094
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,770
Total Expenses
$2,842
Mortgage P&I
61%
$1,689
Property Taxes
4%
$99
Home Insurance
4%
$112
HOA
0%
$0
Property Management
12%
$332
CapEx
4%
$111
Vacancy
3%
$83
Maintenance
4%
$111
Other
11%
$305