This property looks like a bad Mid-Term investment with a projected -4.7% first-year return on $82,029 initial cash invested.
-4.7%
Cash On Cash
5.75%
Cap Rate
0.87
DSCR
$2,392
Rent
-$321
Cashflow
Cash Flow
$2,392 income − $2,713 expenses = $321 out of pocket
Investment Breakdown
|
Purchase Price
$305k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,029
Downpayment
20%
$60,980
Closing costs
1%
$3,049
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,392
Total Expenses
$2,713
Mortgage P&I
70%
$1,686
Property Taxes
4%
$105
Home Insurance
5%
$108
HOA
0%
$0
Property Management
12%
$287
CapEx
4%
$96
Vacancy
3%
$72
Maintenance
4%
$96
Other
11%
$263