This property looks like a bad Mid-Term investment with a projected -8.22% first-year return on $80,979 initial cash invested.
-8.22%
Cash On Cash
4.25%
Cap Rate
0.69
DSCR
$1,959
Rent
-$555
Cashflow
Cash Flow
$1,959 income − $2,514 expenses = $555 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
6.6%
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
$1,959
Total Expenses
$2,514
Mortgage P&I
79%
$1,538
Property Taxes
11%
$206
Home Insurance
5%
$105
HOA
0%
$0
Property Management
12%
$235
CapEx
4%
$78
Vacancy
3%
$59
Maintenance
4%
$78
Other
11%
$215