This property looks like a bad Mid-Term investment with a projected -0.12% first-year return on $80,622 initial cash invested.
-0.12%
Cash On Cash
6.51%
Cap Rate
1.06
DSCR
$2,607
Rent
-$8
Cashflow
Cash Flow
$2,607 income − $2,615 expenses = $8 out of pocket
Investment Breakdown
|
Purchase Price
$298k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,622
Downpayment
20%
$59,640
Closing costs
1%
$2,982
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,607
Total Expenses
$2,615
Mortgage P&I
58%
$1,521
Property Taxes
4%
$100
Home Insurance
4%
$108
HOA
0%
$0
Property Management
12%
$313
CapEx
4%
$104
Vacancy
3%
$78
Maintenance
4%
$104
Other
11%
$287