This property looks like a bad Mid-Term investment with a projected -5% first-year return on $82,323 initial cash invested.
-5%
Cash On Cash
5.73%
Cap Rate
0.85
DSCR
$2,332
Rent
-$343
Cashflow
Cash Flow
$2,332 income − $2,675 expenses = $343 out of pocket
Investment Breakdown
|
Purchase Price
$306k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,323
Downpayment
20%
$61,260
Closing costs
1%
$3,063
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,332
Total Expenses
$2,675
Mortgage P&I
73%
$1,712
Property Taxes
3%
$60
Home Insurance
5%
$110
HOA
0%
$0
Property Management
12%
$280
CapEx
4%
$93
Vacancy
3%
$70
Maintenance
4%
$93
Other
11%
$257