This property looks like a bad Mid-Term investment with a projected -5.26% first-year return on $82,344 initial cash invested.
-5.26%
Cash On Cash
5.67%
Cap Rate
0.85
DSCR
$2,586
Rent
-$361
Cashflow
Cash Flow
$2,586 income − $2,947 expenses = $361 out of pocket
Investment Breakdown
|
Purchase Price
$306k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,344
Downpayment
20%
$61,280
Closing costs
1%
$3,064
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,586
Total Expenses
$2,947
Mortgage P&I
66%
$1,705
Property Taxes
10%
$256
Home Insurance
4%
$108
HOA
0%
$0
Property Management
12%
$310
CapEx
4%
$103
Vacancy
3%
$78
Maintenance
4%
$103
Other
11%
$284