This property looks like a bad Mid-Term investment with a projected -7.34% first-year return on $80,307 initial cash invested.
-7.34%
Cash On Cash
5.16%
Cap Rate
0.78
DSCR
$3,358
Rent
-$491
Cashflow
Cash Flow
$3,358 income − $3,849 expenses = $491 out of pocket
Investment Breakdown
|
Purchase Price
$297k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,307
Downpayment
20%
$59,340
Closing costs
1%
$2,967
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,358
Total Expenses
$3,849
Mortgage P&I
49%
$1,634
Property Taxes
11%
$370
Home Insurance
3%
$108
HOA
18%
$596
Property Management
12%
$403
CapEx
4%
$134
Vacancy
3%
$101
Maintenance
4%
$134
Other
11%
$369