This property looks like a bad Mid-Term investment with a projected -2.06% first-year return on $80,799 initial cash invested.
-2.06%
Cash On Cash
6.51%
Cap Rate
0.98
DSCR
$2,844
Rent
-$139
Cashflow
Cash Flow
$2,844 income − $2,983 expenses = $139 out of pocket
Investment Breakdown
|
Purchase Price
$299k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,799
Downpayment
20%
$59,809
Closing costs
1%
$2,990
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,844
Total Expenses
$2,983
Mortgage P&I
58%
$1,648
Property Taxes
9%
$263
Home Insurance
4%
$105
HOA
0%
$0
Property Management
12%
$341
CapEx
4%
$114
Vacancy
3%
$85
Maintenance
4%
$114
Other
11%
$313