This property looks like a bad Mid-Term investment with a projected -1.58% first-year return on $80,265 initial cash invested.
-1.58%
Cash On Cash
6.75%
Cap Rate
1
DSCR
$2,691
Rent
-$106
Cashflow
Cash Flow
$2,691 income − $2,797 expenses = $106 out of pocket
Investment Breakdown
|
Purchase Price
$297k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,265
Downpayment
20%
$59,300
Closing costs
1%
$2,965
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,691
Total Expenses
$2,797
Mortgage P&I
62%
$1,667
Property Taxes
4%
$109
Home Insurance
4%
$105
HOA
0%
$0
Property Management
12%
$323
CapEx
4%
$108
Vacancy
3%
$81
Maintenance
4%
$108
Other
11%
$296