This property looks like a bad Mid-Term investment with a projected -3.33% first-year return on $80,706 initial cash invested.
-3.33%
Cash On Cash
6.1%
Cap Rate
0.93
DSCR
$2,560
Rent
-$224
Cashflow
Cash Flow
$2,560 income − $2,784 expenses = $224 out of pocket
Investment Breakdown
|
Purchase Price
$299k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,706
Downpayment
20%
$59,720
Closing costs
1%
$2,986
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,560
Total Expenses
$2,784
Mortgage P&I
64%
$1,639
Property Taxes
7%
$168
Home Insurance
4%
$107
HOA
0%
$0
Property Management
12%
$307
CapEx
4%
$102
Vacancy
3%
$77
Maintenance
4%
$102
Other
11%
$282