This property looks like a bad Mid-Term investment with a projected -0.39% first-year return on $80,076 initial cash invested.
-0.39%
Cash On Cash
6.93%
Cap Rate
1.05
DSCR
$2,852
Rent
-$26
Cashflow
Cash Flow
$2,852 income − $2,878 expenses = $26 out of pocket
Investment Breakdown
|
Purchase Price
$296k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,076
Downpayment
20%
$59,120
Closing costs
1%
$2,956
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,852
Total Expenses
$2,878
Mortgage P&I
57%
$1,619
Property Taxes
6%
$182
Home Insurance
4%
$107
HOA
0%
$0
Property Management
12%
$342
CapEx
4%
$114
Vacancy
3%
$86
Maintenance
4%
$114
Other
11%
$314