This property looks like a bad Mid-Term investment with a projected -2.51% first-year return on $80,790 initial cash invested.
-2.51%
Cash On Cash
6.37%
Cap Rate
0.96
DSCR
$2,642
Rent
-$169
Cashflow
Cash Flow
$2,642 income − $2,811 expenses = $169 out of pocket
Investment Breakdown
|
Purchase Price
$299k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,790
Downpayment
20%
$59,800
Closing costs
1%
$2,990
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,642
Total Expenses
$2,811
Mortgage P&I
62%
$1,650
Property Taxes
6%
$157
Home Insurance
4%
$105
HOA
0%
$0
Property Management
12%
$317
CapEx
4%
$106
Vacancy
3%
$79
Maintenance
4%
$106
Other
11%
$291