This property looks like a bad Mid-Term investment with a projected -3.65% first-year return on $80,454 initial cash invested.
-3.65%
Cash On Cash
5.55%
Cap Rate
0.9
DSCR
$2,512
Rent
-$245
Cashflow
Cash Flow
$2,512 income − $2,757 expenses = $245 out of pocket
Investment Breakdown
|
Purchase Price
$297k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,454
Downpayment
20%
$59,480
Closing costs
1%
$2,974
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,512
Total Expenses
$2,757
Mortgage P&I
61%
$1,520
Property Taxes
11%
$277
Home Insurance
4%
$108
HOA
0%
$0
Property Management
12%
$301
CapEx
4%
$100
Vacancy
3%
$75
Maintenance
4%
$100
Other
11%
$276