This property looks like a bad Mid-Term investment with a projected -5.44% first-year return on $82,050 initial cash invested.
-5.44%
Cash On Cash
5.12%
Cap Rate
0.82
DSCR
$2,306
Rent
-$372
Cashflow
Cash Flow
$2,306 income − $2,678 expenses = $372 out of pocket
Investment Breakdown
|
Purchase Price
$305k
Downpayment
20.0%
Interest Rate
6.8%
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
$2,306
Total Expenses
$2,678
Mortgage P&I
69%
$1,582
Property Taxes
9%
$205
Home Insurance
5%
$107
HOA
0%
$0
Property Management
12%
$277
CapEx
4%
$92
Vacancy
3%
$69
Maintenance
4%
$92
Other
11%
$254