This property looks like a bad Mid-Term investment with a projected -6.8% first-year return on $80,790 initial cash invested.
-6.8%
Cash On Cash
5.14%
Cap Rate
0.78
DSCR
$2,252
Rent
-$458
Cashflow
Cash Flow
$2,252 income − $2,710 expenses = $458 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
$2,252
Total Expenses
$2,710
Mortgage P&I
73%
$1,649
Property Taxes
8%
$182
Home Insurance
5%
$105
HOA
0%
$8
Property Management
12%
$270
CapEx
4%
$90
Vacancy
3%
$68
Maintenance
4%
$90
Other
11%
$248