This property looks like a bad Mid-Term investment with a projected -2.83% first-year return on $80,979 initial cash invested.
-2.83%
Cash On Cash
6.28%
Cap Rate
0.95
DSCR
$2,720
Rent
-$191
Cashflow
Cash Flow
$2,720 income − $2,911 expenses = $191 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,720
Total Expenses
$2,911
Mortgage P&I
61%
$1,652
Property Taxes
8%
$229
Home Insurance
4%
$105
HOA
0%
$0
Property Management
12%
$326
CapEx
4%
$109
Vacancy
3%
$82
Maintenance
4%
$109
Other
11%
$299