This property looks like a bad Mid-Term investment with a projected -0.73% first-year return on $80,433 initial cash invested.
-0.73%
Cash On Cash
6.5%
Cap Rate
1.04
DSCR
$2,876
Rent
-$49
Cashflow
Cash Flow
$2,876 income − $2,925 expenses = $49 out of pocket
Investment Breakdown
|
Purchase Price
$297k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,433
Downpayment
20%
$59,460
Closing costs
1%
$2,973
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,876
Total Expenses
$2,925
Mortgage P&I
54%
$1,545
Property Taxes
10%
$301
Home Insurance
4%
$102
HOA
0%
$0
Property Management
12%
$345
CapEx
4%
$115
Vacancy
3%
$86
Maintenance
4%
$115
Other
11%
$316