This property looks like a bad Mid-Term investment with a projected -9.04% first-year return on $80,979 initial cash invested.
-9.04%
Cash On Cash
3.95%
Cap Rate
0.65
DSCR
$1,947
Rent
-$610
Cashflow
Cash Flow
$1,947 income − $2,557 expenses = $610 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
6.5%
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
$1,947
Total Expenses
$2,557
Mortgage P&I
78%
$1,519
Property Taxes
14%
$271
Home Insurance
5%
$105
HOA
0%
$0
Property Management
12%
$234
CapEx
4%
$78
Vacancy
3%
$58
Maintenance
4%
$78
Other
11%
$214