This property looks like a bad Mid-Term investment with a projected -1.07% first-year return on $82,050 initial cash invested.
-1.07%
Cash On Cash
6.66%
Cap Rate
1.03
DSCR
$2,972
Rent
-$73
Cashflow
Cash Flow
$2,972 income − $3,045 expenses = $73 out of pocket
Investment Breakdown
|
Purchase Price
$305k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,972
Total Expenses
$3,045
Mortgage P&I
55%
$1,647
Property Taxes
9%
$280
Home Insurance
4%
$107
HOA
0%
$0
Property Management
12%
$357
CapEx
4%
$119
Vacancy
3%
$89
Maintenance
4%
$119
Other
11%
$327