This property looks like a bad Mid-Term investment with a projected -3.14% first-year return on $80,685 initial cash invested.
-3.14%
Cash On Cash
5.85%
Cap Rate
0.94
DSCR
$2,826
Rent
-$211
Cashflow
Cash Flow
$2,826 income − $3,037 expenses = $211 out of pocket
Investment Breakdown
|
Purchase Price
$299k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,685
Downpayment
20%
$59,700
Closing costs
1%
$2,985
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,826
Total Expenses
$3,037
Mortgage P&I
55%
$1,553
Property Taxes
15%
$418
Home Insurance
4%
$105
HOA
0%
$0
Property Management
12%
$339
CapEx
4%
$113
Vacancy
3%
$85
Maintenance
4%
$113
Other
11%
$311