This property looks like a bad Mid-Term investment with a projected -0.37% first-year return on $80,790 initial cash invested.
-0.37%
Cash On Cash
7.07%
Cap Rate
1.06
DSCR
$3,246
Rent
-$25
Cashflow
Cash Flow
$3,246 income − $3,271 expenses = $25 out of pocket
Investment Breakdown
|
Purchase Price
$299k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,790
Downpayment
20%
$59,800
Closing costs
1%
$2,990
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,246
Total Expenses
$3,271
Mortgage P&I
51%
$1,657
Property Taxes
12%
$405
Home Insurance
3%
$105
HOA
0%
$0
Property Management
12%
$390
CapEx
4%
$130
Vacancy
3%
$97
Maintenance
4%
$130
Other
11%
$357