This property looks like a bad Mid-Term investment with a projected -6.86% first-year return on $82,050 initial cash invested.
-6.86%
Cash On Cash
5.21%
Cap Rate
0.78
DSCR
$2,433
Rent
-$469
Cashflow
Cash Flow
$2,433 income − $2,902 expenses = $469 out of pocket
Investment Breakdown
|
Purchase Price
$305k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,050
Downpayment
20%
$61,000
Closing costs
1%
$3,050
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,433
Total Expenses
$2,902
Mortgage P&I
70%
$1,696
Property Taxes
11%
$272
Home Insurance
4%
$107
HOA
0%
$0
Property Management
12%
$292
CapEx
4%
$97
Vacancy
3%
$73
Maintenance
4%
$97
Other
11%
$268