This property looks like a bad Mid-Term investment with a projected -5.29% first-year return on $81,882 initial cash invested.
-5.29%
Cash On Cash
5.48%
Cap Rate
0.84
DSCR
$2,472
Rent
-$361
Cashflow
Cash Flow
$2,472 income − $2,833 expenses = $361 out of pocket
Investment Breakdown
|
Purchase Price
$304k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,882
Downpayment
20%
$60,840
Closing costs
1%
$3,042
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,472
Total Expenses
$2,833
Mortgage P&I
67%
$1,650
Property Taxes
10%
$237
Home Insurance
4%
$105
HOA
0%
$0
Property Management
12%
$297
CapEx
4%
$99
Vacancy
3%
$74
Maintenance
4%
$99
Other
11%
$272