This property looks like a bad Mid-Term investment with a projected -15.7% first-year return on $80,790 initial cash invested.
-15.7%
Cash On Cash
2.58%
Cap Rate
0.39
DSCR
$1,176
Rent
-$1,057
Cashflow
Cash Flow
$1,176 income − $2,233 expenses = $1,057 out of pocket
Investment Breakdown
|
Purchase Price
$299k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,790
Downpayment
20%
$59,800
Closing costs
1%
$2,990
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$1,176
Total Expenses
$2,233
Mortgage P&I
141%
$1,653
Property Taxes
6%
$76
Home Insurance
9%
$105
HOA
0%
$0
Property Management
12%
$141
CapEx
4%
$47
Vacancy
3%
$35
Maintenance
4%
$47
Other
11%
$129