This property looks like a bad Mid-Term investment with a projected -4.68% first-year return on $80,979 initial cash invested.
-4.68%
Cash On Cash
5.67%
Cap Rate
0.87
DSCR
$2,522
Rent
-$316
Cashflow
Cash Flow
$2,522 income − $2,838 expenses = $316 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
$2,522
Total Expenses
$2,838
Mortgage P&I
65%
$1,632
Property Taxes
10%
$243
Home Insurance
4%
$105
HOA
0%
$0
Property Management
12%
$303
CapEx
4%
$101
Vacancy
3%
$76
Maintenance
4%
$101
Other
11%
$277