This property looks like a bad Mid-Term investment with a projected -4.16% first-year return on $81,651 initial cash invested.
-4.16%
Cash On Cash
5.82%
Cap Rate
0.89
DSCR
$2,634
Rent
-$283
Cashflow
Cash Flow
$2,634 income − $2,917 expenses = $283 out of pocket
Investment Breakdown
|
Purchase Price
$303k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,651
Downpayment
20%
$60,620
Closing costs
1%
$3,031
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,634
Total Expenses
$2,917
Mortgage P&I
63%
$1,648
Property Taxes
10%
$266
Home Insurance
4%
$108
HOA
0%
$0
Property Management
12%
$316
CapEx
4%
$105
Vacancy
3%
$79
Maintenance
4%
$105
Other
11%
$290