This property looks like a bad Mid-Term investment with a projected -1.65% first-year return on $80,727 initial cash invested.
-1.65%
Cash On Cash
6.62%
Cap Rate
1
DSCR
$2,721
Rent
-$111
Cashflow
Cash Flow
$2,721 income − $2,832 expenses = $111 out of pocket
Investment Breakdown
|
Purchase Price
$299k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,727
Downpayment
20%
$59,740
Closing costs
1%
$2,987
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,721
Total Expenses
$2,832
Mortgage P&I
61%
$1,650
Property Taxes
6%
$155
Home Insurance
4%
$101
HOA
0%
$0
Property Management
12%
$327
CapEx
4%
$109
Vacancy
3%
$82
Maintenance
4%
$109
Other
11%
$299