This property looks like a bad Mid-Term investment with a projected -0.64% first-year return on $81,231 initial cash invested.
-0.64%
Cash On Cash
6.93%
Cap Rate
1.04
DSCR
$2,847
Rent
-$43
Cashflow
Cash Flow
$2,847 income − $2,890 expenses = $43 out of pocket
Investment Breakdown
|
Purchase Price
$301k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,231
Downpayment
20%
$60,220
Closing costs
1%
$3,011
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,847
Total Expenses
$2,890
Mortgage P&I
59%
$1,667
Property Taxes
5%
$138
Home Insurance
4%
$117
HOA
0%
$0
Property Management
12%
$342
CapEx
4%
$114
Vacancy
3%
$85
Maintenance
4%
$114
Other
11%
$313