This property looks like a bad Mid-Term investment with a projected -6.73% first-year return on $82,785 initial cash invested.
-6.73%
Cash On Cash
5.2%
Cap Rate
0.79
DSCR
$2,542
Rent
-$464
Cashflow
Cash Flow
$2,542 income − $3,006 expenses = $464 out of pocket
Investment Breakdown
|
Purchase Price
$309k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,542
Total Expenses
$3,006
Mortgage P&I
67%
$1,700
Property Taxes
13%
$319
Home Insurance
5%
$122
HOA
0%
$0
Property Management
12%
$305
CapEx
4%
$102
Vacancy
3%
$76
Maintenance
4%
$102
Other
11%
$280