This property looks like a bad Mid-Term investment with a projected -1.57% first-year return on $80,202 initial cash invested.
-1.57%
Cash On Cash
6.48%
Cap Rate
1.01
DSCR
$2,832
Rent
-$105
Cashflow
Cash Flow
$2,832 income − $2,937 expenses = $105 out of pocket
Investment Breakdown
|
Purchase Price
$296k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,202
Downpayment
20%
$59,240
Closing costs
1%
$2,962
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,832
Total Expenses
$2,937
Mortgage P&I
56%
$1,592
Property Taxes
10%
$277
Home Insurance
4%
$105
HOA
0%
$0
Property Management
12%
$340
CapEx
4%
$113
Vacancy
3%
$85
Maintenance
4%
$113
Other
11%
$312