This property looks like a bad Mid-Term investment with a projected -3.29% first-year return on $80,916 initial cash invested.
-3.29%
Cash On Cash
6.13%
Cap Rate
0.94
DSCR
$3,090
Rent
-$222
Cashflow
Cash Flow
$3,090 income − $3,312 expenses = $222 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,916
Downpayment
20%
$59,920
Closing costs
1%
$2,996
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,090
Total Expenses
$3,312
Mortgage P&I
53%
$1,629
Property Taxes
16%
$509
Home Insurance
4%
$122
HOA
0%
$0
Property Management
12%
$371
CapEx
4%
$124
Vacancy
3%
$93
Maintenance
4%
$124
Other
11%
$340