This property looks like a bad Mid-Term investment with a projected -7.02% first-year return on $82,050 initial cash invested.
-7.02%
Cash On Cash
5.05%
Cap Rate
0.77
DSCR
$2,334
Rent
-$480
Cashflow
Cash Flow
$2,334 income − $2,814 expenses = $480 out of pocket
Investment Breakdown
|
Purchase Price
$305k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,050
Downpayment
20%
$61,000
Closing costs
1%
$3,050
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,334
Total Expenses
$2,814
Mortgage P&I
72%
$1,671
Property Taxes
10%
$243
Home Insurance
5%
$107
HOA
0%
$0
Property Management
12%
$280
CapEx
4%
$93
Vacancy
3%
$70
Maintenance
4%
$93
Other
11%
$257