This property looks like a bad Mid-Term investment with a projected -2.58% first-year return on $80,895 initial cash invested.
-2.58%
Cash On Cash
6.02%
Cap Rate
0.96
DSCR
$2,676
Rent
-$174
Cashflow
Cash Flow
$2,676 income − $2,850 expenses = $174 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,895
Downpayment
20%
$59,900
Closing costs
1%
$2,995
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,676
Total Expenses
$2,850
Mortgage P&I
59%
$1,569
Property Taxes
10%
$267
Home Insurance
4%
$105
HOA
0%
$0
Property Management
12%
$321
CapEx
4%
$107
Vacancy
3%
$80
Maintenance
4%
$107
Other
11%
$294