This property looks like a bad Mid-Term investment with a projected -0.82% first-year return on $80,979 initial cash invested.
-0.82%
Cash On Cash
6.65%
Cap Rate
1.06
DSCR
$3,596
Rent
-$55
Cashflow
Cash Flow
$3,596 income − $3,651 expenses = $55 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
6.8%
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
$3,596
Total Expenses
$3,651
Mortgage P&I
44%
$1,572
Property Taxes
21%
$750
Home Insurance
3%
$105
HOA
0%
$0
Property Management
12%
$432
CapEx
4%
$144
Vacancy
3%
$108
Maintenance
4%
$144
Other
11%
$396