This property looks like a bad Mid-Term investment with a projected -3.98% first-year return on $80,433 initial cash invested.
-3.98%
Cash On Cash
5.99%
Cap Rate
0.9
DSCR
$2,715
Rent
-$267
Cashflow
Cash Flow
$2,715 income − $2,982 expenses = $267 out of pocket
Investment Breakdown
|
Purchase Price
$297k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,433
Downpayment
20%
$59,460
Closing costs
1%
$2,973
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,715
Total Expenses
$2,982
Mortgage P&I
61%
$1,643
Property Taxes
12%
$314
Home Insurance
4%
$101
HOA
0%
$0
Property Management
12%
$326
CapEx
4%
$109
Vacancy
3%
$81
Maintenance
4%
$109
Other
11%
$299