This property looks like a bad Mid-Term investment with a projected -7.3% first-year return on $80,580 initial cash invested.
-7.3%
Cash On Cash
4.91%
Cap Rate
0.75
DSCR
$1,894
Rent
-$490
Cashflow
Cash Flow
$1,894 income − $2,384 expenses = $490 out of pocket
Investment Breakdown
|
Purchase Price
$298k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,580
Downpayment
20%
$59,600
Closing costs
1%
$2,980
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$1,894
Total Expenses
$2,384
Mortgage P&I
86%
$1,633
Property Taxes
0%
$3
Home Insurance
5%
$104
HOA
0%
$0
Property Management
12%
$227
CapEx
4%
$76
Vacancy
3%
$57
Maintenance
4%
$76
Other
11%
$208