This property looks like a bad Mid-Term investment with a projected -3.27% first-year return on $80,979 initial cash invested.
-3.27%
Cash On Cash
5.78%
Cap Rate
0.92
DSCR
$2,316
Rent
-$221
Cashflow
Cash Flow
$2,316 income − $2,537 expenses = $221 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
6.8%
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
$2,316
Total Expenses
$2,537
Mortgage P&I
68%
$1,572
Property Taxes
3%
$72
Home Insurance
5%
$105
HOA
0%
$0
Property Management
12%
$278
CapEx
4%
$93
Vacancy
3%
$69
Maintenance
4%
$93
Other
11%
$255