This property looks like a bad Mid-Term investment with a projected -6.5% first-year return on $80,118 initial cash invested.
-6.5%
Cash On Cash
5.27%
Cap Rate
0.8
DSCR
$2,504
Rent
-$434
Cashflow
Cash Flow
$2,504 income − $2,938 expenses = $434 out of pocket
Investment Breakdown
|
Purchase Price
$296k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,118
Downpayment
20%
$59,160
Closing costs
1%
$2,958
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,504
Total Expenses
$2,938
Mortgage P&I
65%
$1,634
Property Taxes
14%
$347
Home Insurance
4%
$107
HOA
0%
$0
Property Management
12%
$300
CapEx
4%
$100
Vacancy
3%
$75
Maintenance
4%
$100
Other
11%
$275