This property looks like a bad Mid-Term investment with a projected -4.42% first-year return on $81,756 initial cash invested.
-4.42%
Cash On Cash
5.79%
Cap Rate
0.88
DSCR
$2,622
Rent
-$301
Cashflow
Cash Flow
$2,622 income − $2,923 expenses = $301 out of pocket
Investment Breakdown
|
Purchase Price
$304k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,756
Downpayment
20%
$60,720
Closing costs
1%
$3,036
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,622
Total Expenses
$2,923
Mortgage P&I
63%
$1,662
Property Taxes
10%
$259
Home Insurance
4%
$110
HOA
0%
$0
Property Management
12%
$315
CapEx
4%
$105
Vacancy
3%
$79
Maintenance
4%
$105
Other
11%
$288