This property looks like a bad Mid-Term investment with a projected -5.01% first-year return on $81,903 initial cash invested.
-5.01%
Cash On Cash
5.3%
Cap Rate
0.85
DSCR
$2,504
Rent
-$342
Cashflow
Cash Flow
$2,504 income − $2,846 expenses = $342 out of pocket
Investment Breakdown
|
Purchase Price
$304k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,903
Downpayment
20%
$60,860
Closing costs
1%
$3,043
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,504
Total Expenses
$2,846
Mortgage P&I
63%
$1,587
Property Taxes
12%
$301
Home Insurance
4%
$108
HOA
0%
$0
Property Management
12%
$300
CapEx
4%
$100
Vacancy
3%
$75
Maintenance
4%
$100
Other
11%
$275