This property looks like a bad Mid-Term investment with a projected -2.7% first-year return on $80,496 initial cash invested.
-2.7%
Cash On Cash
6.04%
Cap Rate
0.95
DSCR
$2,500
Rent
-$181
Cashflow
Cash Flow
$2,500 income − $2,681 expenses = $181 out of pocket
Investment Breakdown
|
Purchase Price
$298k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,496
Downpayment
20%
$59,520
Closing costs
1%
$2,976
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,500
Total Expenses
$2,681
Mortgage P&I
63%
$1,578
Property Taxes
6%
$145
Home Insurance
4%
$108
HOA
0%
$0
Property Management
12%
$300
CapEx
4%
$100
Vacancy
3%
$75
Maintenance
4%
$100
Other
11%
$275