This property looks like a bad Mid-Term investment with a projected -2.68% first-year return on $80,097 initial cash invested.
-2.68%
Cash On Cash
6.1%
Cap Rate
0.96
DSCR
$2,745
Rent
-$179
Cashflow
Cash Flow
$2,745 income − $2,924 expenses = $179 out of pocket
Investment Breakdown
|
Purchase Price
$296k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,097
Downpayment
20%
$59,140
Closing costs
1%
$2,957
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,745
Total Expenses
$2,924
Mortgage P&I
57%
$1,572
Property Taxes
11%
$314
Home Insurance
4%
$105
HOA
0%
$0
Property Management
12%
$329
CapEx
4%
$110
Vacancy
3%
$82
Maintenance
4%
$110
Other
11%
$302