This property looks like a bad Mid-Term investment with a projected -0.28% first-year return on $80,160 initial cash invested.
-0.28%
Cash On Cash
6.61%
Cap Rate
1.06
DSCR
$2,832
Rent
-$19
Cashflow
Cash Flow
$2,832 income − $2,851 expenses = $19 out of pocket
Investment Breakdown
|
Purchase Price
$296k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,160
Downpayment
20%
$59,200
Closing costs
1%
$2,960
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,832
Total Expenses
$2,851
Mortgage P&I
54%
$1,536
Property Taxes
8%
$222
Home Insurance
4%
$105
HOA
1%
$25
Property Management
12%
$340
CapEx
4%
$113
Vacancy
3%
$85
Maintenance
4%
$113
Other
11%
$312