This property looks like a bad Mid-Term investment with a projected -7.96% first-year return on $80,979 initial cash invested.
-7.96%
Cash On Cash
4.35%
Cap Rate
0.7
DSCR
$1,872
Rent
-$537
Cashflow
Cash Flow
$1,872 income − $2,409 expenses = $537 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,979
Downpayment
20%
$59,980
Closing costs
1%
$2,999
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$1,872
Total Expenses
$2,409
Mortgage P&I
83%
$1,549
Property Taxes
6%
$118
Home Insurance
6%
$105
HOA
0%
$0
Property Management
12%
$225
CapEx
4%
$75
Vacancy
3%
$56
Maintenance
4%
$75
Other
11%
$206