This property looks like a bad Mid-Term investment with a projected -2.05% first-year return on $80,307 initial cash invested.
-2.05%
Cash On Cash
6.15%
Cap Rate
0.98
DSCR
$2,607
Rent
-$137
Cashflow
Cash Flow
$2,607 income − $2,744 expenses = $137 out of pocket
Investment Breakdown
|
Purchase Price
$297k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,307
Downpayment
20%
$59,340
Closing costs
1%
$2,967
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,607
Total Expenses
$2,744
Mortgage P&I
60%
$1,554
Property Taxes
8%
$199
Home Insurance
4%
$105
HOA
0%
$0
Property Management
12%
$313
CapEx
4%
$104
Vacancy
3%
$78
Maintenance
4%
$104
Other
11%
$287