This property looks like a bad Mid-Term investment with a projected -10.84% first-year return on $80,790 initial cash invested.
-10.84%
Cash On Cash
4.08%
Cap Rate
0.61
DSCR
$1,791
Rent
-$730
Cashflow
Cash Flow
$1,791 income − $2,521 expenses = $730 out of pocket
Investment Breakdown
|
Purchase Price
$299k
Downpayment
20.0%
Interest Rate
7.5%
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
$1,791
Total Expenses
$2,521
Mortgage P&I
93%
$1,674
Property Taxes
7%
$132
Home Insurance
6%
$105
HOA
0%
$0
Property Management
12%
$215
CapEx
4%
$72
Vacancy
3%
$54
Maintenance
4%
$72
Other
11%
$197