This property looks like a bad Mid-Term investment with a projected -3.34% first-year return on $81,861 initial cash invested.
-3.34%
Cash On Cash
5.97%
Cap Rate
0.92
DSCR
$2,487
Rent
-$228
Cashflow
Cash Flow
$2,487 income − $2,715 expenses = $228 out of pocket
Investment Breakdown
|
Purchase Price
$304k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,861
Downpayment
20%
$60,820
Closing costs
1%
$3,041
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,487
Total Expenses
$2,715
Mortgage P&I
66%
$1,642
Property Taxes
5%
$120
Home Insurance
4%
$108
HOA
0%
$0
Property Management
12%
$298
CapEx
4%
$99
Vacancy
3%
$75
Maintenance
4%
$99
Other
11%
$274