This property looks like a bad Mid-Term investment with a projected -0.12% first-year return on $80,790 initial cash invested.
-0.12%
Cash On Cash
7.02%
Cap Rate
1.07
DSCR
$2,892
Rent
-$8
Cashflow
Cash Flow
$2,892 income − $2,900 expenses = $8 out of pocket
Investment Breakdown
|
Purchase Price
$299k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,790
Downpayment
20%
$59,800
Closing costs
1%
$2,990
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,892
Total Expenses
$2,900
Mortgage P&I
57%
$1,642
Property Taxes
6%
$169
Home Insurance
4%
$105
HOA
0%
$0
Property Management
12%
$347
CapEx
4%
$116
Vacancy
3%
$87
Maintenance
4%
$116
Other
11%
$318