This property looks like a bad Mid-Term investment with a projected -0.84% first-year return on $81,000 initial cash invested.
-0.84%
Cash On Cash
7.03%
Cap Rate
1.04
DSCR
$2,946
Rent
-$57
Cashflow
Cash Flow
$2,946 income − $3,003 expenses = $57 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,000
Downpayment
20%
$60,000
Closing costs
1%
$3,000
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,946
Total Expenses
$3,003
Mortgage P&I
58%
$1,697
Property Taxes
7%
$199
Home Insurance
4%
$105
HOA
0%
$0
Property Management
12%
$354
CapEx
4%
$118
Vacancy
3%
$88
Maintenance
4%
$118
Other
11%
$324