This property looks like a bad Mid-Term investment with a projected -0.5% first-year return on $80,979 initial cash invested.
-0.5%
Cash On Cash
6.89%
Cap Rate
1.06
DSCR
$3,098
Rent
-$34
Cashflow
Cash Flow
$3,098 income − $3,132 expenses = $34 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,979
Downpayment
20%
$59,980
Closing costs
1%
$2,999
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,098
Total Expenses
$3,132
Mortgage P&I
53%
$1,632
Property Taxes
11%
$341
Home Insurance
3%
$105
HOA
0%
$0
Property Management
12%
$372
CapEx
4%
$124
Vacancy
3%
$93
Maintenance
4%
$124
Other
11%
$341