This property looks like a bad Mid-Term investment with a projected -4.41% first-year return on $81,000 initial cash invested.
-4.41%
Cash On Cash
5.73%
Cap Rate
0.88
DSCR
$2,532
Rent
-$298
Cashflow
Cash Flow
$2,532 income − $2,830 expenses = $298 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,532
Total Expenses
$2,830
Mortgage P&I
64%
$1,629
Property Taxes
8%
$214
Home Insurance
4%
$105
HOA
1%
$21
Property Management
12%
$304
CapEx
4%
$101
Vacancy
3%
$76
Maintenance
4%
$101
Other
11%
$279