This property looks like a bad Mid-Term investment with a projected -0.87% first-year return on $80,181 initial cash invested.
-0.87%
Cash On Cash
6.58%
Cap Rate
1.04
DSCR
$2,906
Rent
-$58
Cashflow
Cash Flow
$2,906 income − $2,964 expenses = $58 out of pocket
Investment Breakdown
|
Purchase Price
$296k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,181
Downpayment
20%
$59,220
Closing costs
1%
$2,961
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,906
Total Expenses
$2,964
Mortgage P&I
54%
$1,565
Property Taxes
11%
$306
Home Insurance
4%
$105
HOA
0%
$0
Property Management
12%
$349
CapEx
4%
$116
Vacancy
3%
$87
Maintenance
4%
$116
Other
11%
$320