This property looks like a bad Mid-Term investment with a projected -6.73% first-year return on $81,000 initial cash invested.
-6.73%
Cash On Cash
5.12%
Cap Rate
0.78
DSCR
$2,102
Rent
-$454
Cashflow
Cash Flow
$2,102 income − $2,556 expenses = $454 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,102
Total Expenses
$2,556
Mortgage P&I
79%
$1,651
Property Taxes
4%
$86
Home Insurance
5%
$105
HOA
0%
$0
Property Management
12%
$252
CapEx
4%
$84
Vacancy
3%
$63
Maintenance
4%
$84
Other
11%
$231