This property looks like a bad Mid-Term investment with a projected -1.12% first-year return on $81,756 initial cash invested.
-1.12%
Cash On Cash
6.81%
Cap Rate
1.02
DSCR
$2,842
Rent
-$76
Cashflow
Cash Flow
$2,842 income − $2,918 expenses = $76 out of pocket
Investment Breakdown
|
Purchase Price
$304k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,756
Downpayment
20%
$60,720
Closing costs
1%
$3,036
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,842
Total Expenses
$2,918
Mortgage P&I
59%
$1,686
Property Taxes
5%
$148
Home Insurance
4%
$117
HOA
0%
$0
Property Management
12%
$341
CapEx
4%
$114
Vacancy
3%
$85
Maintenance
4%
$114
Other
11%
$313