This property looks like a bad Mid-Term investment with a projected -5.25% first-year return on $80,979 initial cash invested.
-5.25%
Cash On Cash
5.52%
Cap Rate
0.85
DSCR
$2,577
Rent
-$354
Cashflow
Cash Flow
$2,577 income − $2,931 expenses = $354 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,979
Downpayment
20%
$59,980
Closing costs
1%
$2,999
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,577
Total Expenses
$2,931
Mortgage P&I
63%
$1,631
Property Taxes
12%
$320
Home Insurance
4%
$105
HOA
0%
$0
Property Management
12%
$309
CapEx
4%
$103
Vacancy
3%
$77
Maintenance
4%
$103
Other
11%
$283