This property looks like a bad Mid-Term investment with a projected -4.48% first-year return on $80,979 initial cash invested.
-4.48%
Cash On Cash
5.31%
Cap Rate
0.87
DSCR
$2,442
Rent
-$302
Cashflow
Cash Flow
$2,442 income − $2,744 expenses = $302 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
$2,442
Total Expenses
$2,744
Mortgage P&I
63%
$1,532
Property Taxes
8%
$197
Home Insurance
4%
$105
HOA
3%
$79
Property Management
12%
$293
CapEx
4%
$98
Vacancy
3%
$73
Maintenance
4%
$98
Other
11%
$269