This property looks like a bad Mid-Term investment with a projected -2.18% first-year return on $80,895 initial cash invested.
-2.18%
Cash On Cash
5.95%
Cap Rate
0.97
DSCR
$2,586
Rent
-$147
Cashflow
Cash Flow
$2,586 income − $2,733 expenses = $147 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
6.6%
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
$2,586
Total Expenses
$2,733
Mortgage P&I
59%
$1,529
Property Taxes
9%
$233
Home Insurance
4%
$93
HOA
0%
$0
Property Management
12%
$310
CapEx
4%
$103
Vacancy
3%
$78
Maintenance
4%
$103
Other
11%
$284