This property looks like a bad Mid-Term investment with a projected -0.8% first-year return on $81,357 initial cash invested.
-0.8%
Cash On Cash
6.78%
Cap Rate
1.04
DSCR
$2,790
Rent
-$54
Cashflow
Cash Flow
$2,790 income − $2,844 expenses = $54 out of pocket
Investment Breakdown
|
Purchase Price
$302k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,357
Downpayment
20%
$60,340
Closing costs
1%
$3,017
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,790
Total Expenses
$2,844
Mortgage P&I
59%
$1,647
Property Taxes
5%
$139
Home Insurance
4%
$108
HOA
0%
$0
Property Management
12%
$335
CapEx
4%
$112
Vacancy
3%
$84
Maintenance
4%
$112
Other
11%
$307