This property looks like a bad Mid-Term investment with a projected -2.33% first-year return on $80,412 initial cash invested.
-2.33%
Cash On Cash
6.61%
Cap Rate
0.98
DSCR
$2,986
Rent
-$156
Cashflow
Cash Flow
$2,986 income − $3,142 expenses = $156 out of pocket
Investment Breakdown
|
Purchase Price
$297k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,412
Downpayment
20%
$59,440
Closing costs
1%
$2,972
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,986
Total Expenses
$3,142
Mortgage P&I
56%
$1,673
Property Taxes
12%
$350
Home Insurance
4%
$105
HOA
0%
$0
Property Management
12%
$358
CapEx
4%
$119
Vacancy
3%
$90
Maintenance
4%
$119
Other
11%
$328