This property looks like a bad Mid-Term investment with a projected -9% first-year return on $80,790 initial cash invested.
-9%
Cash On Cash
4.25%
Cap Rate
0.67
DSCR
$2,193
Rent
-$606
Cashflow
Cash Flow
$2,193 income − $2,799 expenses = $606 out of pocket
Investment Breakdown
|
Purchase Price
$299k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,790
Downpayment
20%
$59,800
Closing costs
1%
$2,990
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,193
Total Expenses
$2,799
Mortgage P&I
72%
$1,578
Property Taxes
16%
$340
Home Insurance
5%
$105
HOA
1%
$30
Property Management
12%
$263
CapEx
4%
$88
Vacancy
3%
$66
Maintenance
4%
$88
Other
11%
$241