This property looks like a bad Mid-Term investment with a projected -0.37% first-year return on $80,979 initial cash invested.
-0.37%
Cash On Cash
6.97%
Cap Rate
1.06
DSCR
$3,126
Rent
-$25
Cashflow
Cash Flow
$3,126 income − $3,151 expenses = $25 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,979
Downpayment
20%
$59,980
Closing costs
1%
$2,999
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,126
Total Expenses
$3,151
Mortgage P&I
53%
$1,643
Property Taxes
11%
$340
Home Insurance
3%
$105
HOA
0%
$0
Property Management
12%
$375
CapEx
4%
$125
Vacancy
3%
$94
Maintenance
4%
$125
Other
11%
$344