This property looks like a bad Mid-Term investment with a projected -1.82% first-year return on $80,433 initial cash invested.
-1.82%
Cash On Cash
6.05%
Cap Rate
0.99
DSCR
$2,778
Rent
-$122
Cashflow
Cash Flow
$2,778 income − $2,900 expenses = $122 out of pocket
Investment Breakdown
|
Purchase Price
$297k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,433
Downpayment
20%
$59,460
Closing costs
1%
$2,973
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,778
Total Expenses
$2,900
Mortgage P&I
54%
$1,509
Property Taxes
5%
$141
Home Insurance
11%
$306
HOA
0%
$0
Property Management
12%
$333
CapEx
4%
$111
Vacancy
3%
$83
Maintenance
4%
$111
Other
11%
$306