This property looks like a bad Mid-Term investment with a projected -3.24% first-year return on $80,328 initial cash invested.
-3.24%
Cash On Cash
6.2%
Cap Rate
0.94
DSCR
$2,916
Rent
-$217
Cashflow
Cash Flow
$2,916 income − $3,133 expenses = $217 out of pocket
Investment Breakdown
|
Purchase Price
$297k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,328
Downpayment
20%
$59,360
Closing costs
1%
$2,968
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,916
Total Expenses
$3,133
Mortgage P&I
56%
$1,633
Property Taxes
14%
$407
Home Insurance
3%
$101
HOA
0%
$0
Property Management
12%
$350
CapEx
4%
$117
Vacancy
3%
$87
Maintenance
4%
$117
Other
11%
$321