This property looks like a bad Mid-Term investment with a projected -1.01% first-year return on $81,966 initial cash invested.
-1.01%
Cash On Cash
6.39%
Cap Rate
1.02
DSCR
$2,666
Rent
-$69
Cashflow
Cash Flow
$2,666 income − $2,735 expenses = $69 out of pocket
Investment Breakdown
|
Purchase Price
$305k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,966
Downpayment
20%
$60,920
Closing costs
1%
$3,046
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,666
Total Expenses
$2,735
Mortgage P&I
59%
$1,583
Property Taxes
5%
$135
Home Insurance
4%
$110
HOA
0%
$0
Property Management
12%
$320
CapEx
4%
$107
Vacancy
3%
$80
Maintenance
4%
$107
Other
11%
$293