This property looks like a bad Mid-Term investment with a projected -0.46% first-year return on $80,559 initial cash invested.
-0.46%
Cash On Cash
7.15%
Cap Rate
1.07
DSCR
$3,494
Rent
-$31
Cashflow
Cash Flow
$3,494 income − $3,525 expenses = $31 out of pocket
Investment Breakdown
|
Purchase Price
$298k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,559
Downpayment
20%
$59,580
Closing costs
1%
$2,979
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,494
Total Expenses
$3,525
Mortgage P&I
48%
$1,666
Property Taxes
16%
$566
Home Insurance
3%
$105
HOA
0%
$0
Property Management
12%
$419
CapEx
4%
$140
Vacancy
3%
$105
Maintenance
4%
$140
Other
11%
$384