This property looks like a bad Mid-Term investment with a projected -0.55% first-year return on $80,979 initial cash invested.
-0.55%
Cash On Cash
6.81%
Cap Rate
1.05
DSCR
$2,900
Rent
-$37
Cashflow
Cash Flow
$2,900 income − $2,937 expenses = $37 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,900
Total Expenses
$2,937
Mortgage P&I
56%
$1,623
Property Taxes
8%
$223
Home Insurance
4%
$105
HOA
0%
$0
Property Management
12%
$348
CapEx
4%
$116
Vacancy
3%
$87
Maintenance
4%
$116
Other
11%
$319