This property looks like a bad Mid-Term investment with a projected -0.03% first-year return on $82,701 initial cash invested.
-0.03%
Cash On Cash
6.6%
Cap Rate
1.07
DSCR
$2,792
Rent
-$2
Cashflow
Cash Flow
$2,792 income − $2,794 expenses = $2 out of pocket
Investment Breakdown
|
Purchase Price
$308k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,701
Downpayment
20%
$61,620
Closing costs
1%
$3,081
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,792
Total Expenses
$2,794
Mortgage P&I
57%
$1,585
Property Taxes
6%
$156
Home Insurance
4%
$103
HOA
0%
$0
Property Management
12%
$335
CapEx
4%
$112
Vacancy
3%
$84
Maintenance
4%
$112
Other
11%
$307