This property looks like a bad Mid-Term investment with a projected -2.06% first-year return on $80,953 initial cash invested.
-2.06%
Cash On Cash
6.08%
Cap Rate
0.98
DSCR
$2,823
Rent
-$139
Cashflow
Cash Flow
$2,823 income − $2,962 expenses = $139 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,953
Downpayment
20%
$59,955
Closing costs
1%
$2,998
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,823
Total Expenses
$2,962
Mortgage P&I
55%
$1,545
Property Taxes
12%
$351
Home Insurance
4%
$105
HOA
0%
$0
Property Management
12%
$339
CapEx
4%
$113
Vacancy
3%
$85
Maintenance
4%
$113
Other
11%
$311