This property looks like a bad Mid-Term investment with a projected -5.38% first-year return on $80,979 initial cash invested.
-5.38%
Cash On Cash
5.11%
Cap Rate
0.83
DSCR
$2,584
Rent
-$363
Cashflow
Cash Flow
$2,584 income − $2,947 expenses = $363 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,979
Downpayment
20%
$59,980
Closing costs
1%
$2,999
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,584
Total Expenses
$2,947
Mortgage P&I
59%
$1,536
Property Taxes
17%
$428
Home Insurance
4%
$105
HOA
0%
$0
Property Management
12%
$310
CapEx
4%
$103
Vacancy
3%
$78
Maintenance
4%
$103
Other
11%
$284