This property looks like a bad Mid-Term investment with a projected -9.63% first-year return on $81,000 initial cash invested.
-9.63%
Cash On Cash
3.84%
Cap Rate
0.63
DSCR
$2,042
Rent
-$650
Cashflow
Cash Flow
$2,042 income − $2,692 expenses = $650 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
6.6%
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
$2,042
Total Expenses
$2,692
Mortgage P&I
75%
$1,529
Property Taxes
18%
$363
Home Insurance
5%
$105
HOA
0%
$0
Property Management
12%
$245
CapEx
4%
$82
Vacancy
3%
$61
Maintenance
4%
$82
Other
11%
$225