This property looks like a bad Mid-Term investment with a projected -5.1% first-year return on $81,399 initial cash invested.
-5.1%
Cash On Cash
5.8%
Cap Rate
0.88
DSCR
$3,657
Rent
-$346
Cashflow
Cash Flow
$3,657 income − $4,003 expenses = $346 out of pocket
Investment Breakdown
|
Purchase Price
$302k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,399
Downpayment
20%
$60,380
Closing costs
1%
$3,019
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,657
Total Expenses
$4,003
Mortgage P&I
45%
$1,658
Property Taxes
24%
$883
Home Insurance
3%
$108
HOA
3%
$111
Property Management
12%
$439
CapEx
4%
$146
Vacancy
3%
$110
Maintenance
4%
$146
Other
11%
$402