This property looks like a bad Mid-Term investment with a projected -0.44% first-year return on $81,000 initial cash invested.
-0.44%
Cash On Cash
6.52%
Cap Rate
1.05
DSCR
$2,712
Rent
-$30
Cashflow
Cash Flow
$2,712 income − $2,742 expenses = $30 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,000
Downpayment
20%
$60,000
Closing costs
1%
$3,000
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,712
Total Expenses
$2,742
Mortgage P&I
57%
$1,552
Property Taxes
6%
$165
Home Insurance
4%
$105
HOA
0%
$0
Property Management
12%
$325
CapEx
4%
$108
Vacancy
3%
$81
Maintenance
4%
$108
Other
11%
$298