This property looks like a bad Mid-Term investment with a projected -0.76% first-year return on $81,000 initial cash invested.
-0.76%
Cash On Cash
6.98%
Cap Rate
1.04
DSCR
$3,111
Rent
-$51
Cashflow
Cash Flow
$3,111 income − $3,162 expenses = $51 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
7.5%
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
$3,111
Total Expenses
$3,162
Mortgage P&I
54%
$1,673
Property Taxes
11%
$328
Home Insurance
3%
$105
HOA
0%
$0
Property Management
12%
$373
CapEx
4%
$124
Vacancy
3%
$93
Maintenance
4%
$124
Other
11%
$342