This property looks like a bad Mid-Term investment with a projected -1.27% first-year return on $81,483 initial cash invested.
-1.27%
Cash On Cash
6.3%
Cap Rate
1.01
DSCR
$2,516
Rent
-$86
Cashflow
Cash Flow
$2,516 income − $2,602 expenses = $86 out of pocket
Investment Breakdown
|
Purchase Price
$302k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,483
Downpayment
20%
$60,460
Closing costs
1%
$3,023
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,516
Total Expenses
$2,602
Mortgage P&I
62%
$1,571
Property Taxes
3%
$67
Home Insurance
4%
$108
HOA
0%
$0
Property Management
12%
$302
CapEx
4%
$101
Vacancy
3%
$75
Maintenance
4%
$101
Other
11%
$277