This property looks like a bad Mid-Term investment with a projected -2.5% first-year return on $80,979 initial cash invested.
-2.5%
Cash On Cash
6.33%
Cap Rate
0.96
DSCR
$2,606
Rent
-$169
Cashflow
Cash Flow
$2,606 income − $2,775 expenses = $169 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,979
Downpayment
20%
$59,980
Closing costs
1%
$2,999
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,606
Total Expenses
$2,775
Mortgage P&I
63%
$1,647
Property Taxes
5%
$137
Home Insurance
4%
$105
HOA
0%
$0
Property Management
12%
$313
CapEx
4%
$104
Vacancy
3%
$78
Maintenance
4%
$104
Other
11%
$287