This property looks like a bad Mid-Term investment with a projected -2.11% first-year return on $81,861 initial cash invested.
-2.11%
Cash On Cash
6.52%
Cap Rate
0.98
DSCR
$2,944
Rent
-$144
Cashflow
Cash Flow
$2,944 income − $3,088 expenses = $144 out of pocket
Investment Breakdown
|
Purchase Price
$304k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,861
Downpayment
20%
$60,820
Closing costs
1%
$3,041
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,944
Total Expenses
$3,088
Mortgage P&I
57%
$1,678
Property Taxes
8%
$229
Home Insurance
4%
$108
HOA
2%
$72
Property Management
12%
$353
CapEx
4%
$118
Vacancy
3%
$88
Maintenance
4%
$118
Other
11%
$324