This property looks like a bad Mid-Term investment with a projected -5.22% first-year return on $80,160 initial cash invested.
-5.22%
Cash On Cash
5.62%
Cap Rate
0.85
DSCR
$2,536
Rent
-$349
Cashflow
Cash Flow
$2,536 income − $2,885 expenses = $349 out of pocket
Investment Breakdown
|
Purchase Price
$296k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,160
Downpayment
20%
$59,200
Closing costs
1%
$2,960
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,536
Total Expenses
$2,885
Mortgage P&I
64%
$1,635
Property Taxes
11%
$284
Home Insurance
4%
$105
HOA
0%
$0
Property Management
12%
$304
CapEx
4%
$101
Vacancy
3%
$76
Maintenance
4%
$101
Other
11%
$279