This property looks like a bad Mid-Term investment with a projected -8.51% first-year return on $80,979 initial cash invested.
-8.51%
Cash On Cash
4.19%
Cap Rate
0.68
DSCR
$1,791
Rent
-$574
Cashflow
Cash Flow
$1,791 income − $2,365 expenses = $574 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,979
Downpayment
20%
$59,980
Closing costs
1%
$2,999
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$1,791
Total Expenses
$2,365
Mortgage P&I
86%
$1,549
Property Taxes
6%
$101
Home Insurance
6%
$105
HOA
0%
$0
Property Management
12%
$215
CapEx
4%
$72
Vacancy
3%
$54
Maintenance
4%
$72
Other
11%
$197