This property looks like a bad Mid-Term investment with a projected -0.24% first-year return on $80,979 initial cash invested.
-0.24%
Cash On Cash
6.64%
Cap Rate
1.06
DSCR
$2,912
Rent
-$16
Cashflow
Cash Flow
$2,912 income − $2,928 expenses = $16 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
6.8%
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
$2,912
Total Expenses
$2,928
Mortgage P&I
54%
$1,559
Property Taxes
9%
$276
Home Insurance
4%
$105
HOA
0%
$0
Property Management
12%
$349
CapEx
4%
$116
Vacancy
3%
$87
Maintenance
4%
$116
Other
11%
$320