This property looks like a bad Mid-Term investment with a projected -1.41% first-year return on $80,202 initial cash invested.
-1.41%
Cash On Cash
6.58%
Cap Rate
1.02
DSCR
$3,176
Rent
-$94
Cashflow
Cash Flow
$3,176 income − $3,270 expenses = $94 out of pocket
Investment Breakdown
|
Purchase Price
$296k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,202
Downpayment
20%
$59,240
Closing costs
1%
$2,962
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,176
Total Expenses
$3,270
Mortgage P&I
50%
$1,591
Property Taxes
15%
$482
Home Insurance
4%
$118
HOA
0%
$0
Property Management
12%
$381
CapEx
4%
$127
Vacancy
3%
$95
Maintenance
4%
$127
Other
11%
$349