This property looks like a bad Mid-Term investment with a projected -3.69% first-year return on $81,000 initial cash invested.
-3.69%
Cash On Cash
6.06%
Cap Rate
0.92
DSCR
$3,015
Rent
-$249
Cashflow
Cash Flow
$3,015 income − $3,264 expenses = $249 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
$3,015
Total Expenses
$3,264
Mortgage P&I
54%
$1,643
Property Taxes
16%
$490
Home Insurance
3%
$105
HOA
0%
$0
Property Management
12%
$362
CapEx
4%
$121
Vacancy
3%
$90
Maintenance
4%
$121
Other
11%
$332