This property looks like a bad Mid-Term investment with a projected -0.37% first-year return on $81,000 initial cash invested.
-0.37%
Cash On Cash
6.95%
Cap Rate
1.06
DSCR
$2,966
Rent
-$25
Cashflow
Cash Flow
$2,966 income − $2,991 expenses = $25 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,966
Total Expenses
$2,991
Mortgage P&I
55%
$1,643
Property Taxes
7%
$221
Home Insurance
4%
$105
HOA
0%
$13
Property Management
12%
$356
CapEx
4%
$119
Vacancy
3%
$89
Maintenance
4%
$119
Other
11%
$326