This property looks like a bad Mid-Term investment with a projected -3.28% first-year return on $81,672 initial cash invested.
-3.28%
Cash On Cash
6.25%
Cap Rate
0.94
DSCR
$3,064
Rent
-$223
Cashflow
Cash Flow
$3,064 income − $3,287 expenses = $223 out of pocket
Investment Breakdown
|
Purchase Price
$303k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,672
Downpayment
20%
$60,640
Closing costs
1%
$3,032
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,064
Total Expenses
$3,287
Mortgage P&I
55%
$1,678
Property Taxes
14%
$441
Home Insurance
4%
$108
HOA
1%
$17
Property Management
12%
$368
CapEx
4%
$123
Vacancy
3%
$92
Maintenance
4%
$123
Other
11%
$337