This property looks like a bad Mid-Term investment with a projected -0.29% first-year return on $81,924 initial cash invested.
-0.29%
Cash On Cash
7.01%
Cap Rate
1.05
DSCR
$2,787
Rent
-$20
Cashflow
Cash Flow
$2,787 income − $2,807 expenses = $20 out of pocket
Investment Breakdown
|
Purchase Price
$304k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,924
Downpayment
20%
$60,880
Closing costs
1%
$3,044
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,787
Total Expenses
$2,807
Mortgage P&I
61%
$1,688
Property Taxes
2%
$67
Home Insurance
4%
$105
HOA
0%
$0
Property Management
12%
$334
CapEx
4%
$111
Vacancy
3%
$84
Maintenance
4%
$111
Other
11%
$307