This property looks like a bad Mid-Term investment with a projected -4.9% first-year return on $81,000 initial cash invested.
-4.9%
Cash On Cash
5.84%
Cap Rate
0.87
DSCR
$2,968
Rent
-$331
Cashflow
Cash Flow
$2,968 income − $3,299 expenses = $331 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,000
Downpayment
20%
$60,000
Closing costs
1%
$3,000
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,968
Total Expenses
$3,299
Mortgage P&I
56%
$1,673
Property Taxes
17%
$512
Home Insurance
4%
$105
HOA
0%
$0
Property Management
12%
$356
CapEx
4%
$119
Vacancy
3%
$89
Maintenance
4%
$119
Other
11%
$326