This property looks like a bad Mid-Term investment with a projected -0.91% first-year return on $80,685 initial cash invested.
-0.91%
Cash On Cash
6.7%
Cap Rate
1.03
DSCR
$2,620
Rent
-$61
Cashflow
Cash Flow
$2,620 income − $2,681 expenses = $61 out of pocket
Investment Breakdown
|
Purchase Price
$299k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,685
Downpayment
20%
$59,700
Closing costs
1%
$2,985
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,620
Total Expenses
$2,681
Mortgage P&I
62%
$1,623
Property Taxes
2%
$63
Home Insurance
4%
$104
HOA
0%
$0
Property Management
12%
$314
CapEx
4%
$105
Vacancy
3%
$79
Maintenance
4%
$105
Other
11%
$288