This property looks like a bad Mid-Term investment with a projected -3.88% first-year return on $80,622 initial cash invested.
-3.88%
Cash On Cash
5.89%
Cap Rate
0.9
DSCR
$2,487
Rent
-$261
Cashflow
Cash Flow
$2,487 income − $2,748 expenses = $261 out of pocket
Investment Breakdown
|
Purchase Price
$298k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,622
Downpayment
20%
$59,640
Closing costs
1%
$2,982
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,487
Total Expenses
$2,748
Mortgage P&I
65%
$1,625
Property Taxes
7%
$171
Home Insurance
4%
$107
HOA
0%
$0
Property Management
12%
$298
CapEx
4%
$99
Vacancy
3%
$75
Maintenance
4%
$99
Other
11%
$274