This property looks like a bad Mid-Term investment with a projected -3.27% first-year return on $81,126 initial cash invested.
-3.27%
Cash On Cash
6.24%
Cap Rate
0.94
DSCR
$2,907
Rent
-$221
Cashflow
Cash Flow
$2,907 income − $3,128 expenses = $221 out of pocket
Investment Breakdown
|
Purchase Price
$301k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,126
Downpayment
20%
$60,120
Closing costs
1%
$3,006
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,907
Total Expenses
$3,128
Mortgage P&I
57%
$1,667
Property Taxes
13%
$366
Home Insurance
4%
$107
HOA
0%
$0
Property Management
12%
$349
CapEx
4%
$116
Vacancy
3%
$87
Maintenance
4%
$116
Other
11%
$320