This property looks like a bad Mid-Term investment with a projected -2.62% first-year return on $80,979 initial cash invested.
-2.62%
Cash On Cash
6.3%
Cap Rate
0.96
DSCR
$2,752
Rent
-$177
Cashflow
Cash Flow
$2,752 income − $2,929 expenses = $177 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,979
Downpayment
20%
$59,980
Closing costs
1%
$2,999
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,752
Total Expenses
$2,929
Mortgage P&I
60%
$1,642
Property Taxes
9%
$246
Home Insurance
4%
$105
HOA
0%
$0
Property Management
12%
$330
CapEx
4%
$110
Vacancy
3%
$83
Maintenance
4%
$110
Other
11%
$303