This property looks like a bad Mid-Term investment with a projected -5.23% first-year return on $80,811 initial cash invested.
-5.23%
Cash On Cash
5.64%
Cap Rate
0.85
DSCR
$2,662
Rent
-$352
Cashflow
Cash Flow
$2,662 income − $3,014 expenses = $352 out of pocket
Investment Breakdown
|
Purchase Price
$299k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,811
Downpayment
20%
$59,820
Closing costs
1%
$2,991
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,662
Total Expenses
$3,014
Mortgage P&I
62%
$1,651
Property Taxes
13%
$351
Home Insurance
4%
$108
HOA
0%
$0
Property Management
12%
$319
CapEx
4%
$106
Vacancy
3%
$80
Maintenance
4%
$106
Other
11%
$293