This property looks like a bad Mid-Term investment with a projected -4.76% first-year return on $80,601 initial cash invested.
-4.76%
Cash On Cash
5.7%
Cap Rate
0.88
DSCR
$3,142
Rent
-$320
Cashflow
Cash Flow
$3,142 income − $3,462 expenses = $320 out of pocket
Investment Breakdown
|
Purchase Price
$298k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,601
Downpayment
20%
$59,620
Closing costs
1%
$2,981
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,142
Total Expenses
$3,462
Mortgage P&I
51%
$1,611
Property Taxes
22%
$694
Home Insurance
3%
$88
HOA
0%
$0
Property Management
12%
$377
CapEx
4%
$126
Vacancy
3%
$94
Maintenance
4%
$126
Other
11%
$346