This property looks like a bad Mid-Term investment with a projected -0.09% first-year return on $82,029 initial cash invested.
-0.09%
Cash On Cash
6.98%
Cap Rate
1.06
DSCR
$2,816
Rent
-$6
Cashflow
Cash Flow
$2,816 income − $2,822 expenses = $6 out of pocket
Investment Breakdown
|
Purchase Price
$305k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,029
Downpayment
20%
$60,980
Closing costs
1%
$3,049
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,816
Total Expenses
$2,822
Mortgage P&I
59%
$1,666
Property Taxes
3%
$91
Home Insurance
4%
$107
HOA
0%
$0
Property Management
12%
$338
CapEx
4%
$113
Vacancy
3%
$84
Maintenance
4%
$113
Other
11%
$310