This property looks like a bad Mid-Term investment with a projected -5.43% first-year return on $80,202 initial cash invested.
-5.43%
Cash On Cash
5.46%
Cap Rate
0.85
DSCR
$2,976
Rent
-$363
Cashflow
Cash Flow
$2,976 income − $3,339 expenses = $363 out of pocket
Investment Breakdown
|
Purchase Price
$296k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,202
Downpayment
20%
$59,240
Closing costs
1%
$2,962
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,976
Total Expenses
$3,339
Mortgage P&I
53%
$1,591
Property Taxes
21%
$634
Home Insurance
3%
$103
HOA
0%
$0
Property Management
12%
$357
CapEx
4%
$119
Vacancy
3%
$89
Maintenance
4%
$119
Other
11%
$327