This property looks like a bad Mid-Term investment with a projected -7.79% first-year return on $81,441 initial cash invested.
-7.79%
Cash On Cash
4.89%
Cap Rate
0.74
DSCR
$2,199
Rent
-$529
Cashflow
Cash Flow
$2,199 income − $2,728 expenses = $529 out of pocket
Investment Breakdown
|
Purchase Price
$302k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,441
Downpayment
20%
$60,420
Closing costs
1%
$3,021
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,199
Total Expenses
$2,728
Mortgage P&I
76%
$1,672
Property Taxes
9%
$196
Home Insurance
5%
$112
HOA
0%
$0
Property Management
12%
$264
CapEx
4%
$88
Vacancy
3%
$66
Maintenance
4%
$88
Other
11%
$242