This property looks like a bad Mid-Term investment with a projected -0.07% first-year return on $81,000 initial cash invested.
-0.07%
Cash On Cash
6.53%
Cap Rate
1.06
DSCR
$2,596
Rent
-$5
Cashflow
Cash Flow
$2,596 income − $2,601 expenses = $5 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,000
Downpayment
20%
$60,000
Closing costs
1%
$3,000
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,596
Total Expenses
$2,601
Mortgage P&I
59%
$1,533
Property Taxes
3%
$79
Home Insurance
4%
$105
HOA
0%
$0
Property Management
12%
$312
CapEx
4%
$104
Vacancy
3%
$78
Maintenance
4%
$104
Other
11%
$286