This property looks like a bad Mid-Term investment with a projected -1.59% first-year return on $81,336 initial cash invested.
-1.59%
Cash On Cash
6.64%
Cap Rate
1.01
DSCR
$3,216
Rent
-$108
Cashflow
Cash Flow
$3,216 income − $3,324 expenses = $108 out of pocket
Investment Breakdown
|
Purchase Price
$302k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,336
Downpayment
20%
$60,320
Closing costs
1%
$3,016
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,216
Total Expenses
$3,324
Mortgage P&I
51%
$1,649
Property Taxes
13%
$415
Home Insurance
5%
$166
HOA
0%
$0
Property Management
12%
$386
CapEx
4%
$129
Vacancy
3%
$96
Maintenance
4%
$129
Other
11%
$354