This property looks like a bad Mid-Term investment with a projected -6.37% first-year return on $80,685 initial cash invested.
-6.37%
Cash On Cash
5.37%
Cap Rate
0.8
DSCR
$2,370
Rent
-$428
Cashflow
Cash Flow
$2,370 income − $2,798 expenses = $428 out of pocket
Investment Breakdown
|
Purchase Price
$299k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,685
Downpayment
20%
$59,700
Closing costs
1%
$2,985
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,370
Total Expenses
$2,798
Mortgage P&I
70%
$1,670
Property Taxes
8%
$182
Home Insurance
6%
$140
HOA
0%
$0
Property Management
12%
$284
CapEx
4%
$95
Vacancy
3%
$71
Maintenance
4%
$95
Other
11%
$261