This property looks like a bad Mid-Term investment with a projected -3.79% first-year return on $81,714 initial cash invested.
-3.79%
Cash On Cash
5.92%
Cap Rate
0.91
DSCR
$2,728
Rent
-$258
Cashflow
Cash Flow
$2,728 income − $2,986 expenses = $258 out of pocket
Investment Breakdown
|
Purchase Price
$303k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,714
Downpayment
20%
$60,680
Closing costs
1%
$3,034
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,728
Total Expenses
$2,986
Mortgage P&I
60%
$1,646
Property Taxes
10%
$277
Home Insurance
4%
$108
HOA
1%
$28
Property Management
12%
$327
CapEx
4%
$109
Vacancy
3%
$82
Maintenance
4%
$109
Other
11%
$300