This property looks like a bad Mid-Term investment with a projected -1.49% first-year return on $81,252 initial cash invested.
-1.49%
Cash On Cash
6.4%
Cap Rate
1.02
DSCR
$3,363
Rent
-$101
Cashflow
Cash Flow
$3,363 income − $3,464 expenses = $101 out of pocket
Investment Breakdown
|
Purchase Price
$301k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,252
Downpayment
20%
$60,240
Closing costs
1%
$3,012
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,363
Total Expenses
$3,464
Mortgage P&I
47%
$1,573
Property Taxes
19%
$638
Home Insurance
3%
$108
HOA
0%
$0
Property Management
12%
$404
CapEx
4%
$135
Vacancy
3%
$101
Maintenance
4%
$135
Other
11%
$370