This property looks like a bad Mid-Term investment with a projected -1.16% first-year return on $81,000 initial cash invested.
-1.16%
Cash On Cash
6.54%
Cap Rate
1.02
DSCR
$2,914
Rent
-$78
Cashflow
Cash Flow
$2,914 income − $2,992 expenses = $78 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,000
Downpayment
20%
$60,000
Closing costs
1%
$3,000
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,914
Total Expenses
$2,992
Mortgage P&I
55%
$1,597
Property Taxes
10%
$298
Home Insurance
4%
$105
HOA
0%
$0
Property Management
12%
$350
CapEx
4%
$117
Vacancy
3%
$87
Maintenance
4%
$117
Other
11%
$321