This property looks like a bad Mid-Term investment with a projected -3.22% first-year return on $81,588 initial cash invested.
-3.22%
Cash On Cash
5.72%
Cap Rate
0.92
DSCR
$2,318
Rent
-$219
Cashflow
Cash Flow
$2,318 income − $2,537 expenses = $219 out of pocket
Investment Breakdown
|
Purchase Price
$303k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,588
Downpayment
20%
$60,560
Closing costs
1%
$3,028
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,318
Total Expenses
$2,537
Mortgage P&I
68%
$1,570
Property Taxes
3%
$70
Home Insurance
5%
$108
HOA
0%
$0
Property Management
12%
$278
CapEx
4%
$93
Vacancy
3%
$70
Maintenance
4%
$93
Other
11%
$255