This property looks like a bad Mid-Term investment with a projected -1.44% first-year return on $80,979 initial cash invested.
-1.44%
Cash On Cash
6.53%
Cap Rate
1.02
DSCR
$3,345
Rent
-$97
Cashflow
Cash Flow
$3,345 income − $3,442 expenses = $97 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
7.0%
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
$3,345
Total Expenses
$3,442
Mortgage P&I
48%
$1,594
Property Taxes
18%
$606
Home Insurance
3%
$105
HOA
0%
$0
Property Management
12%
$401
CapEx
4%
$134
Vacancy
3%
$100
Maintenance
4%
$134
Other
11%
$368