This property looks like a bad Mid-Term investment with a projected -0.24% first-year return on $81,504 initial cash invested.
-0.24%
Cash On Cash
6.97%
Cap Rate
1.06
DSCR
$2,925
Rent
-$16
Cashflow
Cash Flow
$2,925 income − $2,941 expenses = $16 out of pocket
Investment Breakdown
|
Purchase Price
$302k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,504
Downpayment
20%
$60,480
Closing costs
1%
$3,024
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,925
Total Expenses
$2,941
Mortgage P&I
57%
$1,656
Property Taxes
6%
$176
Home Insurance
4%
$114
HOA
0%
$0
Property Management
12%
$351
CapEx
4%
$117
Vacancy
3%
$88
Maintenance
4%
$117
Other
11%
$322