This property looks like a bad Mid-Term investment with a projected -3.3% first-year return on $80,790 initial cash invested.
-3.3%
Cash On Cash
6.15%
Cap Rate
0.93
DSCR
$2,560
Rent
-$222
Cashflow
Cash Flow
$2,560 income − $2,782 expenses = $222 out of pocket
Investment Breakdown
|
Purchase Price
$299k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,560
Total Expenses
$2,782
Mortgage P&I
65%
$1,652
Property Taxes
5%
$125
Home Insurance
4%
$105
HOA
1%
$30
Property Management
12%
$307
CapEx
4%
$102
Vacancy
3%
$77
Maintenance
4%
$102
Other
11%
$282