This property looks like a bad Mid-Term investment with a projected -0.28% first-year return on $81,357 initial cash invested.
-0.28%
Cash On Cash
6.46%
Cap Rate
1.06
DSCR
$2,673
Rent
-$19
Cashflow
Cash Flow
$2,673 income − $2,692 expenses = $19 out of pocket
Investment Breakdown
|
Purchase Price
$302k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,357
Downpayment
20%
$60,340
Closing costs
1%
$3,017
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,673
Total Expenses
$2,692
Mortgage P&I
57%
$1,537
Property Taxes
5%
$132
Home Insurance
4%
$114
HOA
0%
$0
Property Management
12%
$321
CapEx
4%
$107
Vacancy
3%
$80
Maintenance
4%
$107
Other
11%
$294