This property looks like a bad Mid-Term investment with a projected -3.31% first-year return on $81,672 initial cash invested.
-3.31%
Cash On Cash
6.3%
Cap Rate
0.93
DSCR
$2,678
Rent
-$225
Cashflow
Cash Flow
$2,678 income − $2,903 expenses = $225 out of pocket
Investment Breakdown
|
Purchase Price
$303k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,672
Downpayment
20%
$60,640
Closing costs
1%
$3,032
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,678
Total Expenses
$2,903
Mortgage P&I
64%
$1,709
Property Taxes
7%
$196
Home Insurance
3%
$88
HOA
0%
$0
Property Management
12%
$321
CapEx
4%
$107
Vacancy
3%
$80
Maintenance
4%
$107
Other
11%
$295