This property looks like a bad Mid-Term investment with a projected -3.22% first-year return on $80,160 initial cash invested.
-3.22%
Cash On Cash
6.04%
Cap Rate
0.93
DSCR
$2,410
Rent
-$215
Cashflow
Cash Flow
$2,410 income − $2,625 expenses = $215 out of pocket
Investment Breakdown
|
Purchase Price
$296k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,160
Downpayment
20%
$59,200
Closing costs
1%
$2,960
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,410
Total Expenses
$2,625
Mortgage P&I
67%
$1,609
Property Taxes
4%
$103
Home Insurance
4%
$95
HOA
0%
$0
Property Management
12%
$289
CapEx
4%
$96
Vacancy
3%
$72
Maintenance
4%
$96
Other
11%
$265