This property looks like a bad Mid-Term investment with a projected -1.59% first-year return on $80,559 initial cash invested.
-1.59%
Cash On Cash
6.56%
Cap Rate
1
DSCR
$2,679
Rent
-$107
Cashflow
Cash Flow
$2,679 income − $2,786 expenses = $107 out of pocket
Investment Breakdown
|
Purchase Price
$298k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,559
Downpayment
20%
$59,580
Closing costs
1%
$2,979
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,679
Total Expenses
$2,786
Mortgage P&I
61%
$1,628
Property Taxes
5%
$143
Home Insurance
4%
$105
HOA
0%
$0
Property Management
12%
$321
CapEx
4%
$107
Vacancy
3%
$80
Maintenance
4%
$107
Other
11%
$295