This property looks like a bad Mid-Term investment with a projected -4.8% first-year return on $82,050 initial cash invested.
-4.8%
Cash On Cash
5.54%
Cap Rate
0.86
DSCR
$2,544
Rent
-$328
Cashflow
Cash Flow
$2,544 income − $2,872 expenses = $328 out of pocket
Investment Breakdown
|
Purchase Price
$305k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,050
Downpayment
20%
$61,000
Closing costs
1%
$3,050
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,544
Total Expenses
$2,872
Mortgage P&I
64%
$1,635
Property Taxes
10%
$265
Home Insurance
4%
$107
HOA
0%
$0
Property Management
12%
$305
CapEx
4%
$102
Vacancy
3%
$76
Maintenance
4%
$102
Other
11%
$280