This property looks like a bad Mid-Term investment with a projected -4.33% first-year return on $80,370 initial cash invested.
-4.33%
Cash On Cash
5.9%
Cap Rate
0.89
DSCR
$2,784
Rent
-$290
Cashflow
Cash Flow
$2,784 income − $3,074 expenses = $290 out of pocket
Investment Breakdown
|
Purchase Price
$297k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,370
Downpayment
20%
$59,400
Closing costs
1%
$2,970
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,784
Total Expenses
$3,074
Mortgage P&I
59%
$1,639
Property Taxes
13%
$367
Home Insurance
4%
$122
HOA
0%
$0
Property Management
12%
$334
CapEx
4%
$111
Vacancy
3%
$84
Maintenance
4%
$111
Other
11%
$306