This property looks like a bad Mid-Term investment with a projected -1.23% first-year return on $80,790 initial cash invested.
-1.23%
Cash On Cash
6.28%
Cap Rate
1.02
DSCR
$3,028
Rent
-$83
Cashflow
Cash Flow
$3,028 income − $3,111 expenses = $83 out of pocket
Investment Breakdown
|
Purchase Price
$299k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,790
Downpayment
20%
$59,800
Closing costs
1%
$2,990
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,028
Total Expenses
$3,111
Mortgage P&I
50%
$1,527
Property Taxes
15%
$450
Home Insurance
3%
$105
HOA
0%
$0
Property Management
12%
$363
CapEx
4%
$121
Vacancy
3%
$91
Maintenance
4%
$121
Other
11%
$333