This property looks like a bad Mid-Term investment with a projected -3.47% first-year return on $80,895 initial cash invested.
-3.47%
Cash On Cash
6.11%
Cap Rate
0.92
DSCR
$2,571
Rent
-$234
Cashflow
Cash Flow
$2,571 income − $2,805 expenses = $234 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,895
Downpayment
20%
$59,900
Closing costs
1%
$2,995
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,571
Total Expenses
$2,805
Mortgage P&I
64%
$1,655
Property Taxes
7%
$170
Home Insurance
4%
$105
HOA
0%
$0
Property Management
12%
$309
CapEx
4%
$103
Vacancy
3%
$77
Maintenance
4%
$103
Other
11%
$283