This property looks like a bad Mid-Term investment with a projected -8.69% first-year return on $80,790 initial cash invested.
-8.69%
Cash On Cash
4.74%
Cap Rate
0.72
DSCR
$3,282
Rent
-$585
Cashflow
Cash Flow
$3,282 income − $3,867 expenses = $585 out of pocket
Investment Breakdown
|
Purchase Price
$299k
Downpayment
20.0%
Interest Rate
7.3%
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
$3,282
Total Expenses
$3,867
Mortgage P&I
50%
$1,636
Property Taxes
31%
$1,011
Home Insurance
3%
$105
HOA
0%
$0
Property Management
12%
$394
CapEx
4%
$131
Vacancy
3%
$98
Maintenance
4%
$131
Other
11%
$361