This property looks like a bad Mid-Term investment with a projected -5.51% first-year return on $82,071 initial cash invested.
-5.51%
Cash On Cash
5.46%
Cap Rate
0.83
DSCR
$2,528
Rent
-$377
Cashflow
Cash Flow
$2,528 income − $2,905 expenses = $377 out of pocket
Investment Breakdown
|
Purchase Price
$305k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,071
Downpayment
20%
$61,020
Closing costs
1%
$3,051
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,528
Total Expenses
$2,905
Mortgage P&I
66%
$1,665
Property Taxes
11%
$273
Home Insurance
4%
$108
HOA
0%
$0
Property Management
12%
$303
CapEx
4%
$101
Vacancy
3%
$76
Maintenance
4%
$101
Other
11%
$278