This property looks like a bad Mid-Term investment with a projected -4.06% first-year return on $80,979 initial cash invested.
-4.06%
Cash On Cash
5.45%
Cap Rate
0.88
DSCR
$2,301
Rent
-$274
Cashflow
Cash Flow
$2,301 income − $2,575 expenses = $274 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
6.7%
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
$2,301
Total Expenses
$2,575
Mortgage P&I
67%
$1,544
Property Taxes
6%
$144
Home Insurance
5%
$105
HOA
0%
$0
Property Management
12%
$276
CapEx
4%
$92
Vacancy
3%
$69
Maintenance
4%
$92
Other
11%
$253