This property looks like a bad Mid-Term investment with a projected -3.34% first-year return on $80,475 initial cash invested.
-3.34%
Cash On Cash
5.76%
Cap Rate
0.92
DSCR
$2,360
Rent
-$224
Cashflow
Cash Flow
$2,360 income − $2,584 expenses = $224 out of pocket
Investment Breakdown
|
Purchase Price
$298k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,475
Downpayment
20%
$59,500
Closing costs
1%
$2,975
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,360
Total Expenses
$2,584
Mortgage P&I
66%
$1,559
Property Taxes
5%
$115
Home Insurance
5%
$108
HOA
0%
$0
Property Management
12%
$283
CapEx
4%
$94
Vacancy
3%
$71
Maintenance
4%
$94
Other
11%
$260