This property looks like a bad Mid-Term investment with a projected -0.5% first-year return on $81,735 initial cash invested.
-0.5%
Cash On Cash
6.48%
Cap Rate
1.05
DSCR
$2,972
Rent
-$34
Cashflow
Cash Flow
$2,972 income − $3,006 expenses = $34 out of pocket
Investment Breakdown
|
Purchase Price
$304k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,735
Downpayment
20%
$60,700
Closing costs
1%
$3,035
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,972
Total Expenses
$3,006
Mortgage P&I
52%
$1,553
Property Taxes
10%
$301
Home Insurance
4%
$108
HOA
1%
$33
Property Management
12%
$357
CapEx
4%
$119
Vacancy
3%
$89
Maintenance
4%
$119
Other
11%
$327