This property looks like a bad Mid-Term investment with a projected -0.27% first-year return on $80,979 initial cash invested.
-0.27%
Cash On Cash
6.83%
Cap Rate
1.06
DSCR
$3,032
Rent
-$18
Cashflow
Cash Flow
$3,032 income − $3,050 expenses = $18 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,979
Downpayment
20%
$59,980
Closing costs
1%
$2,999
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,032
Total Expenses
$3,050
Mortgage P&I
53%
$1,603
Property Taxes
10%
$311
Home Insurance
3%
$105
HOA
0%
$0
Property Management
12%
$364
CapEx
4%
$121
Vacancy
3%
$91
Maintenance
4%
$121
Other
11%
$334