This property looks like a bad Mid-Term investment with a projected -2.1% first-year return on $80,727 initial cash invested.
-2.1%
Cash On Cash
6.46%
Cap Rate
0.99
DSCR
$3,152
Rent
-$141
Cashflow
Cash Flow
$3,152 income − $3,293 expenses = $141 out of pocket
Investment Breakdown
|
Purchase Price
$299k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,727
Downpayment
20%
$59,740
Closing costs
1%
$2,987
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,152
Total Expenses
$3,293
Mortgage P&I
51%
$1,623
Property Taxes
16%
$490
Home Insurance
3%
$108
HOA
0%
$0
Property Management
12%
$378
CapEx
4%
$126
Vacancy
3%
$95
Maintenance
4%
$126
Other
11%
$347