This property looks like a bad Mid-Term investment with a projected -0.42% first-year return on $80,139 initial cash invested.
-0.42%
Cash On Cash
6.53%
Cap Rate
1.07
DSCR
$3,201
Rent
-$28
Cashflow
Cash Flow
$3,201 income − $3,229 expenses = $28 out of pocket
Investment Breakdown
|
Purchase Price
$296k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,139
Downpayment
20%
$59,180
Closing costs
1%
$2,959
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,201
Total Expenses
$3,229
Mortgage P&I
47%
$1,510
Property Taxes
8%
$244
Home Insurance
3%
$105
HOA
9%
$282
Property Management
12%
$384
CapEx
4%
$128
Vacancy
3%
$96
Maintenance
4%
$128
Other
11%
$352