This property looks like a bad Mid-Term investment with a projected -0.44% first-year return on $81,966 initial cash invested.
-0.44%
Cash On Cash
6.91%
Cap Rate
1.05
DSCR
$2,889
Rent
-$30
Cashflow
Cash Flow
$2,889 income − $2,919 expenses = $30 out of pocket
Investment Breakdown
|
Purchase Price
$305k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,966
Downpayment
20%
$60,920
Closing costs
1%
$3,046
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,889
Total Expenses
$2,919
Mortgage P&I
58%
$1,669
Property Taxes
5%
$140
Home Insurance
4%
$108
HOA
1%
$18
Property Management
12%
$347
CapEx
4%
$116
Vacancy
3%
$87
Maintenance
4%
$116
Other
11%
$318