This property looks like a bad Mid-Term investment with a projected -1.23% first-year return on $80,998 initial cash invested.
-1.23%
Cash On Cash
6.24%
Cap Rate
1.01
DSCR
$2,542
Rent
-$83
Cashflow
Cash Flow
$2,542 income − $2,625 expenses = $83 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,998
Downpayment
20%
$59,998
Closing costs
1%
$3,000
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,542
Total Expenses
$2,625
Mortgage P&I
61%
$1,540
Property Taxes
5%
$115
Home Insurance
4%
$105
HOA
0%
$0
Property Management
12%
$305
CapEx
4%
$102
Vacancy
3%
$76
Maintenance
4%
$102
Other
11%
$280