This property looks like a bad Mid-Term investment with a projected -6.09% first-year return on $80,979 initial cash invested.
-6.09%
Cash On Cash
4.96%
Cap Rate
0.81
DSCR
$2,829
Rent
-$411
Cashflow
Cash Flow
$2,829 income − $3,240 expenses = $411 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,979
Downpayment
20%
$59,980
Closing costs
1%
$2,999
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,829
Total Expenses
$3,240
Mortgage P&I
54%
$1,538
Property Taxes
20%
$552
Home Insurance
4%
$105
HOA
3%
$84
Property Management
12%
$339
CapEx
4%
$113
Vacancy
3%
$85
Maintenance
4%
$113
Other
11%
$311