This property looks like a bad Mid-Term investment with a projected -10.12% first-year return on $82,050 initial cash invested.
-10.12%
Cash On Cash
4.25%
Cap Rate
0.64
DSCR
$1,992
Rent
-$692
Cashflow
Cash Flow
$1,992 income − $2,684 expenses = $692 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
$1,992
Total Expenses
$2,684
Mortgage P&I
85%
$1,692
Property Taxes
10%
$207
Home Insurance
5%
$107
HOA
0%
$0
Property Management
12%
$239
CapEx
4%
$80
Vacancy
3%
$60
Maintenance
4%
$80
Other
11%
$219