This property looks like a bad Mid-Term investment with a projected -0.4% first-year return on $80,559 initial cash invested.
-0.4%
Cash On Cash
6.92%
Cap Rate
1.05
DSCR
$2,890
Rent
-$27
Cashflow
Cash Flow
$2,890 income − $2,917 expenses = $27 out of pocket
Investment Breakdown
|
Purchase Price
$298k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,559
Downpayment
20%
$59,580
Closing costs
1%
$2,979
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,890
Total Expenses
$2,917
Mortgage P&I
56%
$1,628
Property Taxes
6%
$175
Home Insurance
4%
$108
HOA
1%
$22
Property Management
12%
$347
CapEx
4%
$116
Vacancy
3%
$87
Maintenance
4%
$116
Other
11%
$318