This property looks like a bad Mid-Term investment with a projected -5.33% first-year return on $81,000 initial cash invested.
-5.33%
Cash On Cash
5.62%
Cap Rate
0.84
DSCR
$2,350
Rent
-$360
Cashflow
Cash Flow
$2,350 income − $2,710 expenses = $360 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
7.5%
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
$2,350
Total Expenses
$2,710
Mortgage P&I
71%
$1,671
Property Taxes
6%
$136
Home Insurance
4%
$105
HOA
0%
$0
Property Management
12%
$282
CapEx
4%
$94
Vacancy
3%
$70
Maintenance
4%
$94
Other
11%
$258