This property looks like a bad Mid-Term investment with a projected -5.02% first-year return on $81,525 initial cash invested.
-5.02%
Cash On Cash
5.63%
Cap Rate
0.86
DSCR
$2,757
Rent
-$341
Cashflow
Cash Flow
$2,757 income − $3,098 expenses = $341 out of pocket
Investment Breakdown
|
Purchase Price
$303k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,525
Downpayment
20%
$60,500
Closing costs
1%
$3,025
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,757
Total Expenses
$3,098
Mortgage P&I
60%
$1,651
Property Taxes
15%
$405
Home Insurance
4%
$105
HOA
0%
$0
Property Management
12%
$331
CapEx
4%
$110
Vacancy
3%
$83
Maintenance
4%
$110
Other
11%
$303