This property looks like a bad Mid-Term investment with a projected -3.73% first-year return on $82,785 initial cash invested.
-3.73%
Cash On Cash
6.11%
Cap Rate
0.92
DSCR
$3,212
Rent
-$257
Cashflow
Cash Flow
$3,212 income − $3,469 expenses = $257 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
$3,212
Total Expenses
$3,469
Mortgage P&I
53%
$1,700
Property Taxes
18%
$567
Home Insurance
3%
$112
HOA
0%
$0
Property Management
12%
$385
CapEx
4%
$128
Vacancy
3%
$96
Maintenance
4%
$128
Other
11%
$353