This property looks like a bad Mid-Term investment with a projected -2.32% first-year return on $80,223 initial cash invested.
-2.32%
Cash On Cash
6.39%
Cap Rate
0.97
DSCR
$2,768
Rent
-$155
Cashflow
Cash Flow
$2,768 income − $2,923 expenses = $155 out of pocket
Investment Breakdown
|
Purchase Price
$296k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,223
Downpayment
20%
$59,260
Closing costs
1%
$2,963
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,768
Total Expenses
$2,923
Mortgage P&I
59%
$1,623
Property Taxes
7%
$189
Home Insurance
4%
$119
HOA
2%
$51
Property Management
12%
$332
CapEx
4%
$111
Vacancy
3%
$83
Maintenance
4%
$111
Other
11%
$304