This property looks like a bad Mid-Term investment with a projected -3.76% first-year return on $80,790 initial cash invested.
-3.76%
Cash On Cash
5.98%
Cap Rate
0.91
DSCR
$2,606
Rent
-$253
Cashflow
Cash Flow
$2,606 income − $2,859 expenses = $253 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
$2,606
Total Expenses
$2,859
Mortgage P&I
63%
$1,638
Property Taxes
9%
$230
Home Insurance
4%
$105
HOA
0%
$0
Property Management
12%
$313
CapEx
4%
$104
Vacancy
3%
$78
Maintenance
4%
$104
Other
11%
$287