This property looks like a bad Mid-Term investment with a projected -7.87% first-year return on $80,790 initial cash invested.
-7.87%
Cash On Cash
4.8%
Cap Rate
0.73
DSCR
$2,256
Rent
-$530
Cashflow
Cash Flow
$2,256 income − $2,786 expenses = $530 out of pocket
Investment Breakdown
|
Purchase Price
$299k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,256
Total Expenses
$2,786
Mortgage P&I
73%
$1,637
Property Taxes
12%
$277
Home Insurance
5%
$105
HOA
0%
$0
Property Management
12%
$271
CapEx
4%
$90
Vacancy
3%
$68
Maintenance
4%
$90
Other
11%
$248