This property looks like a bad Mid-Term investment with a projected -6.79% first-year return on $80,790 initial cash invested.
-6.79%
Cash On Cash
4.96%
Cap Rate
0.77
DSCR
$2,043
Rent
-$457
Cashflow
Cash Flow
$2,043 income − $2,500 expenses = $457 out of pocket
Investment Breakdown
|
Purchase Price
$299k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,043
Total Expenses
$2,500
Mortgage P&I
79%
$1,611
Property Taxes
4%
$86
Home Insurance
5%
$108
HOA
0%
$0
Property Management
12%
$245
CapEx
4%
$82
Vacancy
3%
$61
Maintenance
4%
$82
Other
11%
$225