This property looks like a bad Mid-Term investment with a projected -3.06% first-year return on $80,391 initial cash invested.
-3.06%
Cash On Cash
6.2%
Cap Rate
0.95
DSCR
$3,064
Rent
-$205
Cashflow
Cash Flow
$3,064 income − $3,269 expenses = $205 out of pocket
Investment Breakdown
|
Purchase Price
$297k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,391
Downpayment
20%
$59,420
Closing costs
1%
$2,971
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,064
Total Expenses
$3,269
Mortgage P&I
53%
$1,616
Property Taxes
16%
$505
Home Insurance
3%
$105
HOA
0%
$0
Property Management
12%
$368
CapEx
4%
$123
Vacancy
3%
$92
Maintenance
4%
$123
Other
11%
$337