This property looks like a bad Mid-Term investment with a projected -1.41% first-year return on $80,790 initial cash invested.
-1.41%
Cash On Cash
6.63%
Cap Rate
1.02
DSCR
$2,996
Rent
-$95
Cashflow
Cash Flow
$2,996 income − $3,091 expenses = $95 out of pocket
Investment Breakdown
|
Purchase Price
$299k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,790
Downpayment
20%
$59,800
Closing costs
1%
$2,990
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,996
Total Expenses
$3,091
Mortgage P&I
54%
$1,628
Property Taxes
11%
$338
Home Insurance
4%
$105
HOA
0%
$0
Property Management
12%
$360
CapEx
4%
$120
Vacancy
3%
$90
Maintenance
4%
$120
Other
11%
$330