This property looks like a bad Mid-Term investment with a projected -2.59% first-year return on $81,000 initial cash invested.
-2.59%
Cash On Cash
5.89%
Cap Rate
0.96
DSCR
$2,919
Rent
-$175
Cashflow
Cash Flow
$2,919 income − $3,094 expenses = $175 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,000
Downpayment
20%
$60,000
Closing costs
1%
$3,000
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,919
Total Expenses
$3,094
Mortgage P&I
52%
$1,531
Property Taxes
16%
$465
Home Insurance
4%
$105
HOA
0%
$0
Property Management
12%
$350
CapEx
4%
$117
Vacancy
3%
$88
Maintenance
4%
$117
Other
11%
$321