This property looks like a bad Mid-Term investment with a projected -0.55% first-year return on $81,357 initial cash invested.
-0.55%
Cash On Cash
6.9%
Cap Rate
1.05
DSCR
$2,884
Rent
-$37
Cashflow
Cash Flow
$2,884 income − $2,921 expenses = $37 out of pocket
Investment Breakdown
|
Purchase Price
$302k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,357
Downpayment
20%
$60,340
Closing costs
1%
$3,017
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,884
Total Expenses
$2,921
Mortgage P&I
57%
$1,657
Property Taxes
6%
$176
Home Insurance
4%
$108
HOA
0%
$0
Property Management
12%
$346
CapEx
4%
$115
Vacancy
3%
$87
Maintenance
4%
$115
Other
11%
$317