This property looks like a bad Mid-Term investment with a projected -5.01% first-year return on $80,979 initial cash invested.
-5.01%
Cash On Cash
5.66%
Cap Rate
0.85
DSCR
$2,426
Rent
-$338
Cashflow
Cash Flow
$2,426 income − $2,764 expenses = $338 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,426
Total Expenses
$2,764
Mortgage P&I
68%
$1,656
Property Taxes
7%
$159
Home Insurance
4%
$105
HOA
1%
$19
Property Management
12%
$291
CapEx
4%
$97
Vacancy
3%
$73
Maintenance
4%
$97
Other
11%
$267