This property looks like a bad Mid-Term investment with a projected -7.1% first-year return on $81,756 initial cash invested.
-7.1%
Cash On Cash
5%
Cap Rate
0.76
DSCR
$2,044
Rent
-$484
Cashflow
Cash Flow
$2,044 income − $2,528 expenses = $484 out of pocket
Investment Breakdown
|
Purchase Price
$304k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,756
Downpayment
20%
$60,720
Closing costs
1%
$3,036
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,044
Total Expenses
$2,528
Mortgage P&I
82%
$1,668
Property Taxes
3%
$53
Home Insurance
5%
$112
HOA
0%
$0
Property Management
12%
$245
CapEx
4%
$82
Vacancy
3%
$61
Maintenance
4%
$82
Other
11%
$225