This property looks like a bad Mid-Term investment with a projected -1.66% first-year return on $80,790 initial cash invested.
-1.66%
Cash On Cash
6.24%
Cap Rate
0.99
DSCR
$2,596
Rent
-$112
Cashflow
Cash Flow
$2,596 income − $2,708 expenses = $112 out of pocket
Investment Breakdown
|
Purchase Price
$299k
Downpayment
20.0%
Interest Rate
6.8%
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
$2,596
Total Expenses
$2,708
Mortgage P&I
60%
$1,564
Property Taxes
6%
$148
Home Insurance
4%
$105
HOA
0%
$7
Property Management
12%
$312
CapEx
4%
$104
Vacancy
3%
$78
Maintenance
4%
$104
Other
11%
$286