This property looks like a bad Mid-Term investment with a projected -4.74% first-year return on $80,307 initial cash invested.
-4.74%
Cash On Cash
5.81%
Cap Rate
0.87
DSCR
$2,674
Rent
-$317
Cashflow
Cash Flow
$2,674 income − $2,991 expenses = $317 out of pocket
Investment Breakdown
|
Purchase Price
$297k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,307
Downpayment
20%
$59,340
Closing costs
1%
$2,967
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,674
Total Expenses
$2,991
Mortgage P&I
62%
$1,646
Property Taxes
12%
$333
Home Insurance
4%
$103
HOA
0%
$0
Property Management
12%
$321
CapEx
4%
$107
Vacancy
3%
$80
Maintenance
4%
$107
Other
11%
$294