This property looks like a bad Mid-Term investment with a projected -16.41% first-year return on $81,735 initial cash invested.
-16.41%
Cash On Cash
2.36%
Cap Rate
0.36
DSCR
$1,248
Rent
-$1,118
Cashflow
Cash Flow
$1,248 income − $2,366 expenses = $1,118 out of pocket
Investment Breakdown
|
Purchase Price
$304k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,735
Downpayment
20%
$60,700
Closing costs
1%
$3,035
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$1,248
Total Expenses
$2,366
Mortgage P&I
133%
$1,666
Property Taxes
14%
$169
Home Insurance
9%
$107
HOA
0%
$0
Property Management
12%
$150
CapEx
4%
$50
Vacancy
3%
$37
Maintenance
4%
$50
Other
11%
$137