This property looks like a bad Mid-Term investment with a projected -3.2% first-year return on $80,349 initial cash invested.
-3.2%
Cash On Cash
5.67%
Cap Rate
0.92
DSCR
$2,180
Rent
-$214
Cashflow
Cash Flow
$2,180 income − $2,394 expenses = $214 out of pocket
Investment Breakdown
|
Purchase Price
$297k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,349
Downpayment
20%
$59,380
Closing costs
1%
$2,969
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,180
Total Expenses
$2,394
Mortgage P&I
70%
$1,530
Property Taxes
1%
$25
Home Insurance
5%
$98
HOA
0%
$0
Property Management
12%
$262
CapEx
4%
$87
Vacancy
3%
$65
Maintenance
4%
$87
Other
11%
$240