This property looks like a bad Mid-Term investment with a projected -2.02% first-year return on $81,273 initial cash invested.
-2.02%
Cash On Cash
6.43%
Cap Rate
0.99
DSCR
$2,844
Rent
-$137
Cashflow
Cash Flow
$2,844 income − $2,981 expenses = $137 out of pocket
Investment Breakdown
|
Purchase Price
$301k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,273
Downpayment
20%
$60,260
Closing costs
1%
$3,013
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,844
Total Expenses
$2,981
Mortgage P&I
58%
$1,638
Property Taxes
8%
$240
Home Insurance
4%
$103
HOA
1%
$33
Property Management
12%
$341
CapEx
4%
$114
Vacancy
3%
$85
Maintenance
4%
$114
Other
11%
$313