This property looks like a bad Mid-Term investment with a projected -3.29% first-year return on $80,979 initial cash invested.
-3.29%
Cash On Cash
6.09%
Cap Rate
0.92
DSCR
$2,440
Rent
-$222
Cashflow
Cash Flow
$2,440 income − $2,662 expenses = $222 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
$2,440
Total Expenses
$2,662
Mortgage P&I
67%
$1,646
Property Taxes
3%
$81
Home Insurance
4%
$105
HOA
0%
$0
Property Management
12%
$293
CapEx
4%
$98
Vacancy
3%
$73
Maintenance
4%
$98
Other
11%
$268