This property looks like a bad Mid-Term investment with a projected -4.26% first-year return on $80,475 initial cash invested.
-4.26%
Cash On Cash
5.84%
Cap Rate
0.89
DSCR
$2,904
Rent
-$286
Cashflow
Cash Flow
$2,904 income − $3,190 expenses = $286 out of pocket
Investment Breakdown
|
Purchase Price
$298k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,475
Downpayment
20%
$59,500
Closing costs
1%
$2,975
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,904
Total Expenses
$3,190
Mortgage P&I
56%
$1,619
Property Taxes
17%
$481
Home Insurance
4%
$104
HOA
0%
$0
Property Management
12%
$348
CapEx
4%
$116
Vacancy
3%
$87
Maintenance
4%
$116
Other
11%
$319