This property looks like a bad Mid-Term investment with a projected -1.3% first-year return on $80,517 initial cash invested.
-1.3%
Cash On Cash
6.19%
Cap Rate
1.02
DSCR
$2,838
Rent
-$87
Cashflow
Cash Flow
$2,838 income − $2,925 expenses = $87 out of pocket
Investment Breakdown
|
Purchase Price
$298k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,517
Downpayment
20%
$59,540
Closing costs
1%
$2,977
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,838
Total Expenses
$2,925
Mortgage P&I
53%
$1,508
Property Taxes
12%
$335
Home Insurance
4%
$116
HOA
0%
$0
Property Management
12%
$341
CapEx
4%
$114
Vacancy
3%
$85
Maintenance
4%
$114
Other
11%
$312