This property looks like a bad Mid-Term investment with a projected -6.79% first-year return on $82,029 initial cash invested.
-6.79%
Cash On Cash
5.12%
Cap Rate
0.78
DSCR
$2,385
Rent
-$464
Cashflow
Cash Flow
$2,385 income − $2,849 expenses = $464 out of pocket
Investment Breakdown
|
Purchase Price
$305k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,029
Downpayment
20%
$60,980
Closing costs
1%
$3,049
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,385
Total Expenses
$2,849
Mortgage P&I
70%
$1,671
Property Taxes
10%
$238
Home Insurance
4%
$107
HOA
1%
$23
Property Management
12%
$286
CapEx
4%
$95
Vacancy
3%
$72
Maintenance
4%
$95
Other
11%
$262