This property looks like a bad Mid-Term investment with a projected -9.93% first-year return on $81,000 initial cash invested.
-9.93%
Cash On Cash
4.22%
Cap Rate
0.64
DSCR
$1,826
Rent
-$670
Cashflow
Cash Flow
$1,826 income − $2,496 expenses = $670 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,000
Downpayment
20%
$60,000
Closing costs
1%
$3,000
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$1,826
Total Expenses
$2,496
Mortgage P&I
91%
$1,653
Property Taxes
6%
$117
Home Insurance
6%
$105
HOA
0%
$0
Property Management
12%
$219
CapEx
4%
$73
Vacancy
3%
$55
Maintenance
4%
$73
Other
11%
$201