This property looks like a bad Mid-Term investment with a projected -1.5% first-year return on $80,979 initial cash invested.
-1.5%
Cash On Cash
6.46%
Cap Rate
1.01
DSCR
$2,998
Rent
-$101
Cashflow
Cash Flow
$2,998 income − $3,099 expenses = $101 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
7.0%
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
$2,998
Total Expenses
$3,099
Mortgage P&I
53%
$1,596
Property Taxes
13%
$378
Home Insurance
4%
$105
HOA
0%
$0
Property Management
12%
$360
CapEx
4%
$120
Vacancy
3%
$90
Maintenance
4%
$120
Other
11%
$330