This property looks like a bad Mid-Term investment with a projected -6.36% first-year return on $80,160 initial cash invested.
-6.36%
Cash On Cash
5.34%
Cap Rate
0.8
DSCR
$2,472
Rent
-$425
Cashflow
Cash Flow
$2,472 income − $2,897 expenses = $425 out of pocket
Investment Breakdown
|
Purchase Price
$296k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,160
Downpayment
20%
$59,200
Closing costs
1%
$2,960
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,472
Total Expenses
$2,897
Mortgage P&I
67%
$1,644
Property Taxes
12%
$308
Home Insurance
4%
$104
HOA
0%
$0
Property Management
12%
$297
CapEx
4%
$99
Vacancy
3%
$74
Maintenance
4%
$99
Other
11%
$272