This property looks like a bad Mid-Term investment with a projected -0.1% first-year return on $81,399 initial cash invested.
-0.1%
Cash On Cash
6.55%
Cap Rate
1.07
DSCR
$2,744
Rent
-$7
Cashflow
Cash Flow
$2,744 income − $2,751 expenses = $7 out of pocket
Investment Breakdown
|
Purchase Price
$302k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,399
Downpayment
20%
$60,380
Closing costs
1%
$3,019
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,744
Total Expenses
$2,751
Mortgage P&I
56%
$1,545
Property Taxes
6%
$166
Home Insurance
4%
$107
HOA
0%
$0
Property Management
12%
$329
CapEx
4%
$110
Vacancy
3%
$82
Maintenance
4%
$110
Other
11%
$302