This property looks like a bad Mid-Term investment with a projected -3.87% first-year return on $81,000 initial cash invested.
-3.87%
Cash On Cash
5.63%
Cap Rate
0.9
DSCR
$2,624
Rent
-$261
Cashflow
Cash Flow
$2,624 income − $2,885 expenses = $261 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,000
Downpayment
20%
$60,000
Closing costs
1%
$3,000
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,624
Total Expenses
$2,885
Mortgage P&I
60%
$1,563
Property Taxes
12%
$324
Home Insurance
4%
$105
HOA
0%
$0
Property Management
12%
$315
CapEx
4%
$105
Vacancy
3%
$79
Maintenance
4%
$105
Other
11%
$289