This property looks like a bad Mid-Term investment with a projected -1.42% first-year return on $81,000 initial cash invested.
-1.42%
Cash On Cash
6.22%
Cap Rate
1
DSCR
$2,438
Rent
-$96
Cashflow
Cash Flow
$2,438 income − $2,534 expenses = $96 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
6.7%
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
$2,438
Total Expenses
$2,534
Mortgage P&I
64%
$1,552
Property Taxes
2%
$47
Home Insurance
4%
$105
HOA
0%
$0
Property Management
12%
$293
CapEx
4%
$98
Vacancy
3%
$73
Maintenance
4%
$98
Other
11%
$268