This property looks like a bad Mid-Term investment with a projected -3.97% first-year return on $81,945 initial cash invested.
-3.97%
Cash On Cash
5.83%
Cap Rate
0.89
DSCR
$2,361
Rent
-$271
Cashflow
Cash Flow
$2,361 income − $2,632 expenses = $271 out of pocket
Investment Breakdown
|
Purchase Price
$305k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,945
Downpayment
20%
$60,900
Closing costs
1%
$3,045
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,361
Total Expenses
$2,632
Mortgage P&I
70%
$1,657
Property Taxes
2%
$58
Home Insurance
5%
$111
HOA
0%
$4
Property Management
12%
$283
CapEx
4%
$94
Vacancy
3%
$71
Maintenance
4%
$94
Other
11%
$260