This property looks like a bad Mid-Term investment with a projected -4.5% first-year return on $81,588 initial cash invested.
-4.5%
Cash On Cash
5.79%
Cap Rate
0.88
DSCR
$2,661
Rent
-$306
Cashflow
Cash Flow
$2,661 income − $2,967 expenses = $306 out of pocket
Investment Breakdown
|
Purchase Price
$303k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,588
Downpayment
20%
$60,560
Closing costs
1%
$3,028
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,661
Total Expenses
$2,967
Mortgage P&I
62%
$1,660
Property Taxes
11%
$295
Home Insurance
4%
$108
HOA
0%
$0
Property Management
12%
$319
CapEx
4%
$106
Vacancy
3%
$80
Maintenance
4%
$106
Other
11%
$293