This property looks like a bad Mid-Term investment with a projected -7.51% first-year return on $80,979 initial cash invested.
-7.51%
Cash On Cash
4.85%
Cap Rate
0.74
DSCR
$2,272
Rent
-$507
Cashflow
Cash Flow
$2,272 income − $2,779 expenses = $507 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
$2,272
Total Expenses
$2,779
Mortgage P&I
72%
$1,627
Property Taxes
12%
$274
Home Insurance
5%
$105
HOA
0%
$0
Property Management
12%
$273
CapEx
4%
$91
Vacancy
3%
$68
Maintenance
4%
$91
Other
11%
$250