This property looks like a bad Mid-Term investment with a projected -7.76% first-year return on $81,630 initial cash invested.
-7.76%
Cash On Cash
4.72%
Cap Rate
0.74
DSCR
$2,596
Rent
-$528
Cashflow
Cash Flow
$2,596 income − $3,124 expenses = $528 out of pocket
Investment Breakdown
|
Purchase Price
$303k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,630
Downpayment
20%
$60,600
Closing costs
1%
$3,030
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,596
Total Expenses
$3,124
Mortgage P&I
62%
$1,617
Property Taxes
20%
$516
Home Insurance
4%
$107
HOA
0%
$0
Property Management
12%
$312
CapEx
4%
$104
Vacancy
3%
$78
Maintenance
4%
$104
Other
11%
$286