This property looks like a bad Mid-Term investment with a projected -6.32% first-year return on $81,273 initial cash invested.
-6.32%
Cash On Cash
4.97%
Cap Rate
0.8
DSCR
$2,985
Rent
-$428
Cashflow
Cash Flow
$2,985 income − $3,413 expenses = $428 out of pocket
Investment Breakdown
|
Purchase Price
$301k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,273
Downpayment
20%
$60,260
Closing costs
1%
$3,013
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,985
Total Expenses
$3,413
Mortgage P&I
52%
$1,556
Property Taxes
23%
$698
Home Insurance
4%
$107
HOA
1%
$38
Property Management
12%
$358
CapEx
4%
$119
Vacancy
3%
$90
Maintenance
4%
$119
Other
11%
$328