This property looks like a bad Mid-Term investment with a projected -0.73% first-year return on $80,181 initial cash invested.
-0.73%
Cash On Cash
6.84%
Cap Rate
1.04
DSCR
$2,883
Rent
-$49
Cashflow
Cash Flow
$2,883 income − $2,932 expenses = $49 out of pocket
Investment Breakdown
|
Purchase Price
$296k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,181
Downpayment
20%
$59,220
Closing costs
1%
$2,961
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,883
Total Expenses
$2,932
Mortgage P&I
56%
$1,622
Property Taxes
8%
$220
Home Insurance
3%
$94
HOA
1%
$17
Property Management
12%
$346
CapEx
4%
$115
Vacancy
3%
$86
Maintenance
4%
$115
Other
11%
$317