This property looks like a bad Mid-Term investment with a projected -5.79% first-year return on $81,651 initial cash invested.
-5.79%
Cash On Cash
5.56%
Cap Rate
0.83
DSCR
$2,788
Rent
-$394
Cashflow
Cash Flow
$2,788 income − $3,182 expenses = $394 out of pocket
Investment Breakdown
|
Purchase Price
$303k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,651
Downpayment
20%
$60,620
Closing costs
1%
$3,031
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,788
Total Expenses
$3,182
Mortgage P&I
61%
$1,687
Property Taxes
16%
$442
Home Insurance
4%
$103
HOA
0%
$0
Property Management
12%
$335
CapEx
4%
$112
Vacancy
3%
$84
Maintenance
4%
$112
Other
11%
$307