This property looks like a bad Mid-Term investment with a projected -4.08% first-year return on $80,202 initial cash invested.
-4.08%
Cash On Cash
5.82%
Cap Rate
0.89
DSCR
$2,582
Rent
-$273
Cashflow
Cash Flow
$2,582 income − $2,855 expenses = $273 out of pocket
Investment Breakdown
|
Purchase Price
$296k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,202
Downpayment
20%
$59,240
Closing costs
1%
$2,962
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,582
Total Expenses
$2,855
Mortgage P&I
62%
$1,607
Property Taxes
10%
$266
Home Insurance
4%
$105
HOA
0%
$0
Property Management
12%
$310
CapEx
4%
$103
Vacancy
3%
$77
Maintenance
4%
$103
Other
11%
$284