This property looks like a bad Mid-Term investment with a projected -13.29% first-year return on $80,538 initial cash invested.
-13.29%
Cash On Cash
3.55%
Cap Rate
0.52
DSCR
$2,242
Rent
-$892
Cashflow
Cash Flow
$2,242 income − $3,134 expenses = $892 out of pocket
Investment Breakdown
|
Purchase Price
$298k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,538
Downpayment
20%
$59,560
Closing costs
1%
$2,978
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,242
Total Expenses
$3,134
Mortgage P&I
75%
$1,682
Property Taxes
21%
$462
Home Insurance
5%
$122
HOA
5%
$105
Property Management
12%
$269
CapEx
4%
$90
Vacancy
3%
$67
Maintenance
4%
$90
Other
11%
$247