This property looks like a bad Mid-Term investment with a projected -0.87% first-year return on $80,139 initial cash invested.
-0.87%
Cash On Cash
6.72%
Cap Rate
1.04
DSCR
$3,056
Rent
-$58
Cashflow
Cash Flow
$3,056 income − $3,114 expenses = $58 out of pocket
Investment Breakdown
|
Purchase Price
$296k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,139
Downpayment
20%
$59,180
Closing costs
1%
$2,959
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,056
Total Expenses
$3,114
Mortgage P&I
52%
$1,594
Property Taxes
12%
$367
Home Insurance
4%
$114
HOA
0%
$0
Property Management
12%
$367
CapEx
4%
$122
Vacancy
3%
$92
Maintenance
4%
$122
Other
11%
$336