This property looks like a bad Mid-Term investment with a projected -6.71% first-year return on $81,042 initial cash invested.
-6.71%
Cash On Cash
5.04%
Cap Rate
0.79
DSCR
$2,776
Rent
-$453
Cashflow
Cash Flow
$2,776 income − $3,229 expenses = $453 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,042
Downpayment
20%
$60,040
Closing costs
1%
$3,002
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,776
Total Expenses
$3,229
Mortgage P&I
58%
$1,602
Property Taxes
17%
$476
Home Insurance
4%
$110
HOA
4%
$98
Property Management
12%
$333
CapEx
4%
$111
Vacancy
3%
$83
Maintenance
4%
$111
Other
11%
$305