This property looks like a bad Mid-Term investment with a projected -0.84% first-year return on $80,979 initial cash invested.
-0.84%
Cash On Cash
6.77%
Cap Rate
1.04
DSCR
$3,160
Rent
-$57
Cashflow
Cash Flow
$3,160 income − $3,217 expenses = $57 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
7.2%
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
$3,160
Total Expenses
$3,217
Mortgage P&I
51%
$1,622
Property Taxes
13%
$416
Home Insurance
3%
$105
HOA
0%
$0
Property Management
12%
$379
CapEx
4%
$126
Vacancy
3%
$95
Maintenance
4%
$126
Other
11%
$348