This property looks like a bad Mid-Term investment with a projected -2.65% first-year return on $81,000 initial cash invested.
-2.65%
Cash On Cash
6.37%
Cap Rate
0.95
DSCR
$2,490
Rent
-$179
Cashflow
Cash Flow
$2,490 income − $2,669 expenses = $179 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,000
Downpayment
20%
$60,000
Closing costs
1%
$3,000
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,490
Total Expenses
$2,669
Mortgage P&I
67%
$1,671
Property Taxes
2%
$45
Home Insurance
4%
$105
HOA
0%
$0
Property Management
12%
$299
CapEx
4%
$100
Vacancy
3%
$75
Maintenance
4%
$100
Other
11%
$274