This property looks like a bad Mid-Term investment with a projected -4.2% first-year return on $80,370 initial cash invested.
-4.2%
Cash On Cash
5.55%
Cap Rate
0.88
DSCR
$2,120
Rent
-$281
Cashflow
Cash Flow
$2,120 income − $2,401 expenses = $281 out of pocket
Investment Breakdown
|
Purchase Price
$297k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,370
Downpayment
20%
$59,400
Closing costs
1%
$2,970
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,120
Total Expenses
$2,401
Mortgage P&I
74%
$1,569
Property Taxes
0%
$7
Home Insurance
5%
$104
HOA
0%
$0
Property Management
12%
$254
CapEx
4%
$85
Vacancy
3%
$64
Maintenance
4%
$85
Other
11%
$233