This property looks like a bad Mid-Term investment with a projected -8.88% first-year return on $80,979 initial cash invested.
-8.88%
Cash On Cash
4.02%
Cap Rate
0.66
DSCR
$1,822
Rent
-$599
Cashflow
Cash Flow
$1,822 income − $2,421 expenses = $599 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
6.6%
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
$1,822
Total Expenses
$2,421
Mortgage P&I
84%
$1,530
Property Taxes
9%
$166
Home Insurance
6%
$105
HOA
0%
$0
Property Management
12%
$219
CapEx
4%
$73
Vacancy
3%
$55
Maintenance
4%
$73
Other
11%
$200