This property looks like a bad Mid-Term investment with a projected -0.34% first-year return on $81,924 initial cash invested.
-0.34%
Cash On Cash
6.99%
Cap Rate
1.06
DSCR
$3,250
Rent
-$23
Cashflow
Cash Flow
$3,250 income − $3,273 expenses = $23 out of pocket
Investment Breakdown
|
Purchase Price
$304k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,924
Downpayment
20%
$60,880
Closing costs
1%
$3,044
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,250
Total Expenses
$3,273
Mortgage P&I
51%
$1,667
Property Taxes
12%
$392
Home Insurance
3%
$108
HOA
0%
$0
Property Management
12%
$390
CapEx
4%
$130
Vacancy
3%
$98
Maintenance
4%
$130
Other
11%
$358