This property looks like a bad Mid-Term investment with a projected -0.91% first-year return on $82,008 initial cash invested.
-0.91%
Cash On Cash
6.81%
Cap Rate
1.04
DSCR
$3,104
Rent
-$62
Cashflow
Cash Flow
$3,104 income − $3,166 expenses = $62 out of pocket
Investment Breakdown
|
Purchase Price
$305k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,008
Downpayment
20%
$60,960
Closing costs
1%
$3,048
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,104
Total Expenses
$3,166
Mortgage P&I
54%
$1,667
Property Taxes
7%
$228
Home Insurance
6%
$196
HOA
1%
$21
Property Management
12%
$372
CapEx
4%
$124
Vacancy
3%
$93
Maintenance
4%
$124
Other
11%
$341