This property looks like a bad Mid-Term investment with a projected -4.98% first-year return on $80,979 initial cash invested.
-4.98%
Cash On Cash
5.65%
Cap Rate
0.86
DSCR
$2,654
Rent
-$336
Cashflow
Cash Flow
$2,654 income − $2,990 expenses = $336 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,654
Total Expenses
$2,990
Mortgage P&I
62%
$1,643
Property Taxes
13%
$340
Home Insurance
4%
$105
HOA
0%
$0
Property Management
12%
$318
CapEx
4%
$106
Vacancy
3%
$80
Maintenance
4%
$106
Other
11%
$292