This property looks like a bad Mid-Term investment with a projected -4.57% first-year return on $82,785 initial cash invested.
-4.57%
Cash On Cash
5.55%
Cap Rate
0.87
DSCR
$2,493
Rent
-$315
Cashflow
Cash Flow
$2,493 income − $2,808 expenses = $315 out of pocket
Investment Breakdown
|
Purchase Price
$309k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,785
Downpayment
20%
$61,700
Closing costs
1%
$3,085
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,493
Total Expenses
$2,808
Mortgage P&I
66%
$1,642
Property Taxes
8%
$210
Home Insurance
4%
$108
HOA
0%
$0
Property Management
12%
$299
CapEx
4%
$100
Vacancy
3%
$75
Maintenance
4%
$100
Other
11%
$274