This property looks like a bad Mid-Term investment with a projected -2.9% first-year return on $81,000 initial cash invested.
-2.9%
Cash On Cash
6.01%
Cap Rate
0.96
DSCR
$3,249
Rent
-$196
Cashflow
Cash Flow
$3,249 income − $3,445 expenses = $196 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,000
Downpayment
20%
$60,000
Closing costs
1%
$3,000
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,249
Total Expenses
$3,445
Mortgage P&I
48%
$1,569
Property Taxes
21%
$667
Home Insurance
3%
$105
HOA
0%
$0
Property Management
12%
$390
CapEx
4%
$130
Vacancy
3%
$97
Maintenance
4%
$130
Other
11%
$357