This property looks like a bad Mid-Term investment with a projected -3.67% first-year return on $80,412 initial cash invested.
-3.67%
Cash On Cash
6.11%
Cap Rate
0.93
DSCR
$3,274
Rent
-$246
Cashflow
Cash Flow
$3,274 income − $3,520 expenses = $246 out of pocket
Investment Breakdown
|
Purchase Price
$297k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,412
Downpayment
20%
$59,440
Closing costs
1%
$2,972
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,274
Total Expenses
$3,520
Mortgage P&I
50%
$1,629
Property Taxes
19%
$626
Home Insurance
3%
$107
HOA
1%
$45
Property Management
12%
$393
CapEx
4%
$131
Vacancy
3%
$98
Maintenance
4%
$131
Other
11%
$360