This property looks like a bad Mid-Term investment with a projected -4.43% first-year return on $80,538 initial cash invested.
-4.43%
Cash On Cash
5.9%
Cap Rate
0.88
DSCR
$2,406
Rent
-$297
Cashflow
Cash Flow
$2,406 income − $2,703 expenses = $297 out of pocket
Investment Breakdown
|
Purchase Price
$298k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,538
Downpayment
20%
$59,560
Closing costs
1%
$2,978
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,406
Total Expenses
$2,703
Mortgage P&I
69%
$1,665
Property Taxes
5%
$110
Home Insurance
5%
$110
HOA
0%
$0
Property Management
12%
$289
CapEx
4%
$96
Vacancy
3%
$72
Maintenance
4%
$96
Other
11%
$265