This property looks like a bad Mid-Term investment with a projected -5.72% first-year return on $82,302 initial cash invested.
-5.72%
Cash On Cash
5.42%
Cap Rate
0.83
DSCR
$2,826
Rent
-$392
Cashflow
Cash Flow
$2,826 income − $3,218 expenses = $392 out of pocket
Investment Breakdown
|
Purchase Price
$306k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,302
Downpayment
20%
$61,240
Closing costs
1%
$3,062
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,826
Total Expenses
$3,218
Mortgage P&I
59%
$1,661
Property Taxes
17%
$486
Home Insurance
4%
$110
HOA
0%
$0
Property Management
12%
$339
CapEx
4%
$113
Vacancy
3%
$85
Maintenance
4%
$113
Other
11%
$311