This property looks like a bad Mid-Term investment with a projected -1.36% first-year return on $80,979 initial cash invested.
-1.36%
Cash On Cash
6.6%
Cap Rate
1.02
DSCR
$2,950
Rent
-$92
Cashflow
Cash Flow
$2,950 income − $3,042 expenses = $92 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,950
Total Expenses
$3,042
Mortgage P&I
55%
$1,623
Property Taxes
11%
$312
Home Insurance
4%
$105
HOA
0%
$0
Property Management
12%
$354
CapEx
4%
$118
Vacancy
3%
$88
Maintenance
4%
$118
Other
11%
$324