This property looks like a bad Mid-Term investment with a projected -0.4% first-year return on $80,790 initial cash invested.
-0.4%
Cash On Cash
6.73%
Cap Rate
1.05
DSCR
$2,670
Rent
-$27
Cashflow
Cash Flow
$2,670 income − $2,697 expenses = $27 out of pocket
Investment Breakdown
|
Purchase Price
$299k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,790
Downpayment
20%
$59,800
Closing costs
1%
$2,990
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,670
Total Expenses
$2,697
Mortgage P&I
60%
$1,596
Property Taxes
3%
$88
Home Insurance
4%
$105
HOA
0%
$0
Property Management
12%
$320
CapEx
4%
$107
Vacancy
3%
$80
Maintenance
4%
$107
Other
11%
$294