This property looks like a bad Mid-Term investment with a projected -1.81% first-year return on $80,979 initial cash invested.
-1.81%
Cash On Cash
6.09%
Cap Rate
0.99
DSCR
$2,492
Rent
-$122
Cashflow
Cash Flow
$2,492 income − $2,614 expenses = $122 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
6.7%
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
$2,492
Total Expenses
$2,614
Mortgage P&I
62%
$1,544
Property Taxes
5%
$117
Home Insurance
4%
$105
HOA
0%
$0
Property Management
12%
$299
CapEx
4%
$100
Vacancy
3%
$75
Maintenance
4%
$100
Other
11%
$274