This property looks like a bad Mid-Term investment with a projected -0.45% first-year return on $80,454 initial cash invested.
-0.45%
Cash On Cash
6.98%
Cap Rate
1.06
DSCR
$3,060
Rent
-$30
Cashflow
Cash Flow
$3,060 income − $3,090 expenses = $30 out of pocket
Investment Breakdown
|
Purchase Price
$297k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,454
Downpayment
20%
$59,480
Closing costs
1%
$2,974
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,060
Total Expenses
$3,090
Mortgage P&I
54%
$1,638
Property Taxes
10%
$292
Home Insurance
4%
$108
HOA
0%
$12
Property Management
12%
$367
CapEx
4%
$122
Vacancy
3%
$92
Maintenance
4%
$122
Other
11%
$337